Regulatory Alerts2022-11-22
Added
CGD Circular Letter No. 01: Credit Guarantee Facility against Term Loan to CMSME Sector under Tk. 25,000 Crore Refinance Scheme
The Credit Guarantee Department amends Section 4.5 of CGD Circular Letter No. 02/2022 to extend credit guarantee eligibility for the Cottage, Micro, Small and Medium Enterprise (CMSME) sector to include working capital loans and loans in the business sector, alongside existing term loans for production and service sectors. The amendment establishes specific loan limit ranges for each enterprise category: Cottage and Micro enterprises in production/service are eligible for BDT 25,000 to BDT 1 crore; Small enterprises for production up to BDT 3 crore and service up to BDT 1 crore; Medium enterprises for production up to BDT 5 crore and service up to BDT 2 crore; and Micro and Small enterprises in the business sector for up to BDT 25 lakh and BDT 1 crore respectively. These revised guidelines apply immediately to all scheduled banks and financial institutions operating in Bangladesh.