Regulatory Alerts2026-07-07
Added · Updated
BRPD-3 Circular Letter No. 01: Participation Agreement for Closed Industry and Service Sector Facilitation Pre-finance Scheme
Bangladesh Bank issued this participation agreement to govern the disbursement of a Tk. 20,000 crore pre-finance scheme designed to provide working capital to closed or partially closed export-oriented industries and service sectors. Participating Financial Institutions must adhere to strict eligibility criteria, including prioritizing exporters and ensuring borrowers are not involved in fraud, while utilizing funds exclusively for operational expenses like salaries and raw materials. The agreement mandates a maximum loan tenor of one year, sets interest rates at 4% for the central bank and 7% for borrowers, and requires Participating Financial Institutions to submit regular reports and maintain compliance with all regulatory circulars.