Regulatory Alerts2009-03-16
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ACSPD Circular Letter No. 03: Women Entrepreneur Refinance Scheme under Small & Medium Enterprise Sector
Bangladesh Bank amends the working capital repayment terms for the Women Entrepreneur Refinance Scheme under the Small & Medium Enterprise sector. The revised terms require the loan, including accrued interest, to be repaid in two equal semi-annual installments within one year from the loan date, excluding a six-month moratorium period. This amendment to Circular Letter No. 01 is effective immediately for all scheduled banks and financial institutions.
Bangladesh Bank Head Office P.O. Box No. 325 Dhaka. www.BangladeshBank.org.bd
Agricultural Credit & Special Programs Department (Industrial Credit Sub-Department)
Ref No: ACSPD Circular Letter No. 03 Date: 16/03/2009
To All Scheduled Banks and Financial Institutions of Bangladesh
Dear Sir,
Regarding the Women Entrepreneur Refinance Scheme under the Small & Medium Enterprise Sector.
Reference is invited to ACSPD Circular Letter No. 01 issued on 07/02/2007 on the above subject.
The portion regarding working capital mentioned in sub-paragraph "a" of serial no. 8 of the aforementioned circular is hereby amended as follows:
Working Capital: Repayable within 1 (one) year from the date of loan availing, excluding the moratorium period, in two equal semi-annual installments along with accrued interest, including a 6-month moratorium period from the date of loan availing.
This directive shall come into force immediately.
Yours faithfully,
(Md. Abdul Haque) General Manager Phone: 7120947
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