Regulatory Alerts2012-05-17
Added · Updated
ACFID Circular Letter No. 03: Re-fixation of Interest Rate for Refinance Scheme on Solar Energy, Bio-gas and Effluent Treatment Plant Sector
The document re-fixes the maximum interest rate for beneficiaries receiving loans through agents or intermediaries for the establishment of bio-gas plants under the refinance scheme, setting it at the prevailing bank rate plus a maximum of 6%, capped at 11%. It explicitly prohibits the collection of any service charges from beneficiaries by these agents or intermediaries. These directives are effective immediately upon issuance.
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