Regulatory Alerts2024-09-29
Added · Updated
FID Circular Letter No. 01: Refinancing Scheme for Marginal/Landless Farmers, Low Income Professionals, School Banking Account Holders and Small Businessmen with Tk.10/50/100 Account Holders
The refinancing scheme for marginal/landless farmers, low-income professionals, school banking account holders, and small businessmen with Tk.10/50/100 accounts is increased from BDT 500 crore to BDT 750 crore. At least 25% of the total loans under this scheme must be distributed among female borrowers and entrepreneurs, and third-gender customers are also eligible for these facilities. The quarterly progress report format in Annexure 'A' of the monitoring section is replaced by the attached new template. These directives are issued under Section 45 of the Bank Company Act, 1991, and take immediate effect.