Regulatory Alerts2021-09-05
Added
FID Circular No. 01: Tk. 500 Crore Refinance Scheme for 10/50/100 Tk. Account Holders
Bangladesh Bank establishes a Tk. 500 crore refinance scheme for 10/50/100 Tk. account holders, including poor landless farmers, low-income professionals, school banking account holders, and small traders, with a five-year duration. The scheme allows scheduled banks to provide loans up to Tk. 500,000 per individual and Tk. 2,000,000 per group, with a maximum interest rate of 7% per annum and a refinance rate of 1% per annum. Eligible borrowers must be existing account holders, and loans are granted without collateral security, relying on personal guarantees or credit guarantee schemes for amounts exceeding Tk. 300,000.