Regulatory Alerts2022-07-20
Added
FID Circular Letter No. 03: Refinance Scheme for the affected low income professionals, farmers, marginal/micro businessmen due to novel coronavirus
The implementation of the third tranche of the 3,000 crore Taka revolving refinance scheme for low-income professionals, farmers, and marginal/micro businessmen affected by the novel coronavirus commences on 1 July 2022 and remains operational until 30 June 2023. Applications for refinance against loans or investments disbursed during this period must be submitted by 30 September 2023. The other instructions issued in FID Circular No. 02 dated 28 October 2021 remain unchanged.
Bangladesh Bank Chief Executive Financial Inclusion Department Motijheel, Dhaka-1000 Bangladesh.
Ref: FID Circular No. 03
Managing Director / Chief Executive Officer All Scheduled Banks operating in Bangladesh.
Dear Sir,
Refinance Scheme for the affected low income professionals, farmers, marginal/micro businessmen due to novel coronavirus.
Reference is invited to FID Circular No. 01 dated 20 April 2020 and FID Circular No. 02 dated 28 October 2021 on the subject cited above.
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The implementation of the third tranche of the 3,000 (three thousand) crore Taka revolving refinance scheme constituted by Bangladesh Bank on the subject will commence from 01 July 2022 and remain operational until 30 June 2023. During this period, applications for refinance against loans/investments disbursed can be submitted until 30 September 2023.
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In this regard, the other instructions issued in FID Circular No. 02 dated 28 October 2021 will remain unchanged.
These instructions will be implemented immediately.
Yours faithfully,
Jayshree Bagchi Director (FID) Phone: 02-9530343
FID Circular Letter No. 03 Date: 20 July 2022