SMESPD Circular Letter No. 01: Reporting, monitoring, loan disbursement, and other issues under special incentive package for CMSME sector

Bangladesh Bank Head Office Motijheel, Dhaka-1000 Bangladesh. www.bb.org.bd SME and Special Programs Department SMESPD Circular Letter No. 01 Date: Baishakh 17, 1427 April 30, 2020 Managing Director/Chief Executive All Scheduled Banks and Financial Institutions operating in Bangladesh Dear Sir, Subject: Regarding special loan/investment facilities for the CMSME (CMSME) sector due to the outbreak of Coronavirus (COVID-19). Your attention is drawn to SMESPD Circular No. 01 issued on April 13, 2020, regarding the above subject. 02. The following instructions are provided to ensure the smooth execution of the loan/investment program mentioned in the said circular: a) Under the mentioned package, banks/financial institutions shall submit their working capital loan/investment targets as per Annexure-4, and information related to loan/investment approval, disbursement, and interest subsidy as per previously provided (SMESPD Circular No. 01/2020) Annexure 1 and 2, along with revised (Circular Letter-1/2020) Annexure-2 (a & b) and 3, to the designated focal officer of the SME and Special Programs Department (who has been previously informed) within the stipulated time; b) To revive affected CMSME institutions, banks/financial institutions shall ensure the fastest possible loan disbursement by following the simplest possible procedures at every step from loan application acceptance to disbursement; c) To assist entrepreneurs, banks/financial institutions shall mandatorily establish a separate help desk in each of their branches and display information related to the financial assistance package in a easily visible location; d) Previously issued instructions (SMESPD Circular No. 02/2019) regarding the acceptance of personal, social, and group guarantees as collateral for loan/investment financing shall also be followed under this package; e) Banks and financial institutions shall, if necessary, seek assistance from FBCCI or its member chambers/associations in activities related to borrower selection, loan disbursement, monitoring, and recovery; f) To properly monitor loan/investment disbursement activities, banks/financial institutions shall form a special monitoring team at their respective head offices and inform the designated focal officer of the SME and Special Programs Department of the names, phone numbers, and email addresses of its members. Yours faithfully, Annexures: As described. (Leela Rashid) General Manager Phone: 9530502.

Annexure-2/A Approved Loan/Investment Bank Name: Month & Year: | Serial No. | Bank Branch Name (Bengali & English) | Borrower Institution's Trade License No. | Loan Account No. | Institution's Name & Address | Date of Establishment | Brief Description of Business Activity | Type of Ownership (Joint/Sole) | Is the borrower a female entrepreneur? | Nature of Institution (Tick) | Type of Institution (Tick) | Location | Loan Application Date | Loan Approval Date | Amount (in Taka) | Type of Borrower | If existing borrower, Name | NID No. | Mobile No. | Female/Male | Yes/No | Industry | Service | Trade | Cottage | Micro | Small | Medium | Urban | Rural | Previous Total Loan Amount (in Taka) | Previous Total Working Capital Loan/Investment Amount (in Taka) | CIB Status as of December 31, 2019 | If loan rescheduled, Date of Rescheduling | |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|

Report Preparer's Name: Designation: Phone: Email: Date with Approved Seal

Report Verifier's Name: Designation: Phone: Email:

Annexure-2/B Disbursed Loan/Investment Bank Name: Month & Year:

Serial No.	Bank Branch Name (Bengali & English)	Borrower Institution's Trade License No.	Institution's Name & Address	Loan Account No.	Loan/Investment Sanction Letter Ref. No.	Sanctioned Loan Limit (in Taka)	Sanctioned Loan Term	Disbursed Loan Amount (in Taka)	Total Loan/Investment Outstanding at the end of the previous month (in Taka)	Amount of Interest/Profit calculated at 4% at maturity (in Taka)	Amount of Interest/Profit calculated at 5% at maturity (in Taka)

Report Preparer's Name: Designation: Phone: Email: Date with Approved Seal

Report Verifier's Name: Designation: Phone: Email:

Annexure-3 Quarterly Loan/Investment Information for Government Subsidy for ...to ... 202... Bank Name:

Serial No.	Bank Branch Name (Bengali & English)	Borrower Institution's Trade License No.	Institution's Name & Address	Loan Account No.	Loan/Investment Disbursement Report to Bangladesh Bank (Date)	Loan/Investment Disbursement Report to Bangladesh Bank (Ref. No.)	Loan/Investment Disbursement Report to Bangladesh Bank (Amount (in Taka))	Disbursed Loan Amount (in Taka)	Outstanding at Quarter End (in Taka)	Total Interest/Profit calculated at 4% (in Taka)	Total Amount Paid by Customer (in Taka)	Total Subsidy Amount calculated at 5% (in Taka)	Total Subsidy Amount by Bangladesh Bank up to previous quarter (in Taka)	Remarks (if any)

Report Preparer's Name: Designation: Phone: Email: Date with Approved Seal

Report Verifier's Name: Designation: Phone: Email:

Annexure-4 Reference: Bank Name: Financial Year: Loan/Investment Disbursement Target

CMSME Loan Outstanding (as of December 31, 2019)	Target (Maximum 10% of CMSME Loan Outstanding as of December 31, 2019)	Disbursement Target for Cottage, Micro & Small Industries (Minimum 70% of CMSME Target)	Total	Manufacturing (50%)	Service (20%)	Business (20%)	Disbursement Target for Medium (Manufacturing & Service) Industries (30% of CMSME Target)	Disbursement Target for Rural Areas (Minimum 15% of CMSME Target)	Disbursement Target for Female Entrepreneurs (Minimum 5% of CMSME Target)
(1)	(2)={(1) x 10%}	(3)={(2) x 70%}	(4)={(3) x 50%}	(5)={(3) x 30%}	(6)={(3) x 20%}	(7)={(2) x 30%}	(8)={(2) x 15%}	(9)={(2) x 5%}

Report Preparer's Name: Designation: Phone: Email: Date with Approved Seal

Report Verifier's Name: Designation: Phone: Email: