Regulatory Alerts2020-04-30
Added · Updated
SMESPD Circular Letter No. 01: Reporting, monitoring, loan disbursement, and other issues under special incentive package for CMSME sector
This circular provides instructions to all scheduled banks and financial institutions in Bangladesh for implementing special loan/investment facilities for the CMSME sector. It requires them to submit working capital loan/investment targets and information on loan approval, disbursement, and interest subsidy using revised Annexures 2(a), 2(b), 3, and 4. Banks and financial institutions must ensure rapid loan disbursement to affected CMSME institutions, establish help desks in branches, and form special monitoring teams at their head offices. Additionally, previously issued instructions on accepting personal, social, and group guarantees as collateral remain applicable under this package.
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