Regulatory Alerts2021-07-13
Added
BRPD Circular No. 15: Special Facilities to Leather Sector for Purchasing Raw hides
Scheduled banks may reschedule unpaid loans from the 2020 Eid-ul-Adha raw hide purchase program with a 3% down payment and a maximum tenure of three years, provided stock or auxiliary collateral remains in the borrower's warehouse. Banks are authorized to distribute new loans for the 2021 program equivalent to the previously allocated quota for 2020 without requiring any compromised amount. This facility is valid until August 31, 2021, and applies to all leather sector enterprises including tanneries.
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