SFD Circular Letter No. 02: Refinance Scheme for Green Finance

Sustainable Finance Department
Bangladesh Bank
Head Office, Dhaka
Ref. No. SFD/CL/02
SFD Circular Letter No.: 02
Date: September 10, 2015
Bhadra 26, 1422
Date: -------------------
Managing Director/Chief Executive Officer
All Scheduled Banks and Financial Institutions operating in Bangladesh.

Dear Sir,

Refinance Scheme for Renewable Energy and Environmentally Friendly Non-Energy Sectors.

Reference is invited to your GCSDR Circular No. 02 dated July 01, 2013, GCSDR Circular Letter No. 01 dated May 20, 2014, GCSDR Circular Letter No. 02 dated August 18, 2014, and GCSDR Circular Letter No. 06 dated October 12, 2014.

Under the aforementioned circulars and circular letters, refinance facilities are being provided for a total of 47 products across 9 sectors in the 'Refinance Scheme for Renewable Energy and Environmentally Friendly Non-Energy Sectors'. The sub-sector 'Occupational Health and Safety in Factories' has been included in the Refinance Scheme. This inclusion covers industrial units that are members of the Bangladesh Association of Cleaner Production (BACP) and own their factories, for the purpose of constructing safe working environments in factories, fire extinguishing materials, fire protection materials, roofs, and water storage tanks along with the required number of pumps for underground water, as well as renovation, reconstruction, and replacement works for this purpose.

2. In all other respects, the instructions mentioned in GCSDR Circular No. 02/2013 and GCSDR Circular Letter No. 02/2014 shall remain applicable. For Shariah-based banks and financial institutions, the aforementioned inclusion shall be considered operative regarding the authorization of renewable energy and environmentally friendly initiatives issued under GCSDR Circular No. 06/2014.

3. The aforementioned inclusion shall be deemed to have been added to the Participation Agreements (Participation Deeds) already executed with Bangladesh Bank under the Refinance Scheme for Renewable Energy and Environmentally Friendly Non-Energy Sectors.

These instructions shall come into force immediately.

Please acknowledge receipt.

Yours faithfully,

(Manoj Kumar Biswas)
General Manager
Phone-9530320
Fax- 9530327
E-mail: sfd.sbd@bb.org.bd ms.sbd@bb.org.bd