FID Circular Letter No. 04: Quarterly Statement Reporting For the Loan Disbursement to 10 Taka Account Holders under 200 Crore Taka Refinance Scheme

FINANCIAL INCLUSION DEPARTMENT BANGLADESH BANK HEAD OFFICE DHAKA-1000. www.bb.org.bd

FID Circular Letter No.: 04/2016 Date: 03 October 2016 18 Ashwin 1423

Managing Director / Chief Executive Officer 32 Participating Banks Head Office Dhaka/Rajshahi.

Dear Sir,

Regarding the submission of quarterly progress reports in a new format instead of monthly progress reports on customer-level loan distribution against bank-determined targets under the "Refinance Scheme of 200 Crore Taka for 10 Taka Account Holders".

We would like to draw your attention to GBCSRD Circular No.: 01/2014 dated 14 May 2014 regarding the 200 Crore Taka refinance fund from Bangladesh Bank's own funds for small/marginal/landless farmers, low-income professionals affected by natural disasters, and marginal/small entrepreneurs who are 10 Taka account holders, under the Financial Inclusion Program. Under this scheme, contracted banks have been submitting progress reports on loan distribution to this department on a monthly basis.

Now, it is advised to submit progress reports on customer-level loan distribution against bank-determined targets under the "Refinance Scheme of 200 Crore Taka for 10 Taka Account Holders" on a quarterly basis in a new format (Annex-A). It is noted that the report must be submitted to this department within 15 days after each quarter.

You are advised to submit quarterly progress reports according to the new format to this department starting from the September 2016 quarter.

All other instructions mentioned in the aforementioned circular regarding this matter will remain unchanged.

Yours faithfully,

(Signature) (Md. Rezaul Karim Sarkar) Deputy General Manager Phone: 9530541 E-mail: mdrezaul.karim@bb.org.bd

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Annex-A

Quarterly Progress Report of Bank........... on the use of "Refinance Fund of 200 Crore Taka for 10 Taka Account Holders" under the Financial Inclusion Program. Bank Name:.................................................. Period of Statement: March/June/September/December

1. Description of initiatives taken for loan distribution through the bank's own branches directly:

2. Updated Information: (In Lakh Taka)

Serial No.	Total Cumulative Loan Distribution Amount Till Date Under Scheme	Cumulative Loan Distribution Amount From Start of Current Year Up To March/June/September/December Quarter	Loan Distribution Amount In Current Quarter	Monthly Distribution Amount Through Bank & MFI Linkage In Current Quarter (Taka) (3 Months Of Current Quarter)
	(1)	(2)	Directly Through Bank's Own Branches (Taka) (3)	Through Bank-MFI Linkage (Taka) (4)
	(Taka)	(Number of Customers)	(Taka)	(Number of Customers)
		Male	Female

If loans are provided through MFI Linkage, then information of MFIs:

Serial No.	Name of MFI	Address of MFI	Date and Term of Contract With MFI	How Much Taka Worth Contract Has Been Made For Distribution Through MFI? (In Lakh Taka)
1
2
3
4

Name and Signature of Responsible Officer: Designation: Phone Number: