Regulatory Alerts2020-10-29
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BRPD Circular Letter No. 53: Enhancement of working capital facilities under stimulus packages for industrial and service sector companies affected from the Novel Corona Virus (COVID-19) outbreak
The document increases the financial assistance package for working capital loans to industrial and service sector entities affected by COVID-19 from 33,000 crore to 40,000 crore BDT. It allocates 7,000 crore BDT specifically for 'A', 'B', and 'C' type industrial units located in BEZA, EPZ, and Bangladesh Hi-Tech Park, with a subsidized interest rate of 9% (4.50% paid by the government). Scheduled banks are required to submit soft copies of data regarding existing facilities and new demands by 4:00 PM on November 5, 2020.
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