Regulatory Alerts2013-11-12
Added · Updated
Amendment of policy of the small enterprise sector re-finance scheme Bangladesh Bank Fund for inclusion of publication and marketing of knowledge based books & creative writings
The small enterprise sector re-finance scheme “Bangladesh Bank Fund” is amended to include publication and marketing of knowledge-based books and creative writings as an eligible sector for financing. Participating PFIs are authorized to provide 100% refinance against lending to micro and small enterprises in this sector, subject to fund availability, with a maximum client-level interest rate of 10%. Eligible creative publishers must be members of the “Bangladesh Gayan o Srijonsil Prokasok Somity” or similar legally constituted organizations, and loans require a certificate from the respective association. Writings that contravene the country's culture, tradition, history, or hurt any group are excluded, and published books must mention the refinance scheme facility.