Regulatory Alerts2014-08-18
Added · Updated
GBCSRD Circular Letter No. 02: Bangladesh Bank's Refinance Scheme for Green Finance
Bangladesh Bank adds three new products to its Refinance Scheme for Renewable Energy and Environmentally Friendly Non-Energy Sectors, setting maximum loan limits of 300 million BDT for solar-powered surface water purification projects, 2 billion BDT for Green Industry establishment, and 100 million BDT for factory environment and safety improvements in the garment sector. The circular mandates a maximum customer interest rate of 9% for direct lending and 11% for lending via MFIs or agents, with repayment tenors ranging from 5 to 10 years depending on the product. Eligible entities must be registered with the RJSC and, for factory safety projects, members of the Accord, Alliance, or Bangladesh Garment Manufacturers and Exporters Association.