RegAlertRule · BB · 16 Apr 2024
Re-fixing interest rate on pre-finance facility under SREUP
The interest rate for pre-financing facilities to all new sub-loans under SREUP is re-fixed to a maximum of 7% per annum, while the rate for already sanctioned prevailing sub-loans remains at 5% per annum. Interest rates payable by Primary Financial Institutions (PFIs) to Bangladesh Bank for new On-Lending Loans are set at 4.5% per annum, with a PFI margin of 2.5%. Investment grants are to be sanctioned on a first-come, first-served basis, and all other instructions from previous circulars remain unchanged. These instructions take effect immediately and remain valid until further order.
50120
BANGLADESH BANK
(Central Bank of Bangladesh)
Head Office
Motijheel, Dhaka-1000
Bangladesh.
SME & Special Programmes Department
SREUP PMU
SMESPD Circular Letter No.: 01
Dated: 16/04/2024
Managing Directors/CEOs
All Banks and Financial Institutions in Bangladesh Head Office Dhaka
Dear Sirs,
Re-fixing interest rate on pre-finance facility under SREUP.
Please refer to our SMESPD Circular No.1 dated March 31, 2019 and SMESPD Circular Letter No. 06 dated September 26, 2022 on the captioned subject.
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The interest rate for pre-financing facility to all new sub-loans under SREUP has been re-fixed to a maximum of 7% per annum, while interest rate on already sanctioned prevailing sub-loan will remain at 5% per annum.
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Interest rate to be paid by the PFIs to Bangladesh Bank for new On-Lending Loan (OLL) under this Project is re-fixed at 4.5% per annum, where margin for the PFIs is 2.5%.
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Investment grants will be sanctioned on a "first come, first served basis.
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All other instructions of the aforesaid circulars will remain unchanged.
These instructions will come into force immediately and continue to be valid until further order.
Please bring the contents of this circular to the notice of all your constituents concerned.
Sincerely Yours,
(Moni Shankar Kundu)
Director (SREUP) & Project Director
SREUP
SME & Special Programs Department
Phone: 9530715
Phone : 88-02-9550448, 9554896, IP : 88-02-55665001-6, Fax : 88-02-9530479, www.bb.org.bd
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- Amends
“interest rate on pre-finance facility under SREUP.** Please refer to our SMESPD Circular No.1 dated March 31, 2019 and SMESPD Circular Letter No. 06 dated September 26, 2022 on the captioned subject. 02. The”
“Please refer to our SMESPD Circular No.1 dated March 31, 2019”
Timeline
This document amends: SMESPD Circular Letter No. 06: Re-fixing Interest Rate on Pre-finance Facility under SREUP, SMESPD Circular No. 01: Loan fund for pre-finance under Program to Support Safety Retrofits and Environmental Upgrades in the Bangladeshi Ready-Made Garments (RMG) Sector Project (SREUP)
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