Regulatory Alerts2020-09-27
Added · Updated
FID Circular Letter No. 01: Refinance Scheme for the COVID-19 affected low income professionals, farmers and holders of small and marginal businesses
The Financial Inclusion Department amends Paragraph 9 of FID Circular No. 01/2020 to redefine the maximum refinance amount a bank can obtain from a single microfinance institution. The new limit is set at the lower of 30% of the institution's average loan/investment disbursed over the previous three years or 5% of the total scheme fund (BDT 300 crore). This amendment applies to all scheduled banks operating in Bangladesh and takes effect immediately.