Regulatory Alerts2020-04-27
Added · Updated
BRPD Circular Letter No. 21: Loans/Investments from Stimulus Fund with Minimum Service Charge for Active Export-Oriented Industries Due to COVID-19
The Bangladesh Bank extends the deadline for active export-oriented industries to apply for loans or investments from the government's stimulus package to May 2, 2020. Eligible entities, including specific industrial sectors and e-commerce enterprises, may utilize these funds to pay salaries and allowances to workers and employees. Banks are required to submit all loan or investment requests received by the new deadline to the Bangladesh Bank by May 3, 2020. These instructions are effective immediately.
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