SMEDP-2 Circular Letter No. 01: Regarding the compliance with the guidelines of the master circular issued by SMESPD on March 17, 2025, concerning the refinancing from the revolving fund established under the SMEDP-2 project.

Bangladesh Bank
(Central Bank of Bangladesh)
Head Office
Motijheel, Dhaka-1000
Bangladesh.
Ref No.: B.B.Cir-08, dated 25/06/1432 (09 July 2025) Second Small and Medium Size Enterprise Development Project (SMEDP-2) SMEDP-2 Circular Letter No. - 1 Date:
To
Managing Director / Chief Executive Officer
All Scheduled Banks and Financial Institutions Operating in Bangladesh Dear Sir, Regarding compliance with the guidelines of the Master Circular issued by SMESPD on March 17, 2025, concerning refinancing from the revolving fund established under the SMEDP-2 project.

1. Attention is drawn to SMEDP-2 Circular No.-1 dated September 5, 2024, of the SMEDP-2 project and SMESPD Circular No.-1 dated March 17, 2025, of the SME & Special Programs Department.

2. Paragraph 2.1 of SMESPD Circular No.-1 dated March 17, 2025, of the SME & Special Programs Department (SMESPD) defines a new type of industrial enterprise named 'Informal/Preliminary Enterprise' and includes a new sub-sector named 'Trading/Business' in the 'Medium' enterprise category, which will be applicable in cases of claiming refinancing from the revolving fund under the SMEDP-2 project. In this regard, the aforementioned guidelines in the Master Circular shall be complied with for refinancing from the revolving fund established under the SMEDP-2 project via SMEDP-2 Circular No.-1 dated September 5, 2024.

3. In case of applying for refinancing claims from the revolving fund under the SMEDP-2 project, the above-mentioned additions must be reported appropriately in the online verification system. Additionally, a certificate stating that 'the relevant customer institution has not availed refinancing benefits from the revolving fund under the SMEDP-2 project from any other fund other than the revolving fund under the SMEDP-2 project or through any other PFI' must be submitted along with the refinancing claim application.

4. Furthermore, all other instructions contained in SMEDP-2 Circular No.-1 dated September 5, 2024, shall remain unchanged.

5. These instructions are issued under the powers conferred by Section 45 of the Bank Companies Act, 1991, and Section 18 of the Financial Institutions Act, 1993, and shall come into force immediately.

Yours faithfully,
(Munira Islam)
Director (SMEDP-2)
Phone: +88-02- 47113322
25 Asharh 1432
9 July 2025