Regulatory Alerts2020-05-07
Added · Updated
SMESPD Circular Letter No. 02: Amendments to Refinance Schemes for Small Enterprises, Agro-Based Industries, and New Entrepreneurs to Support CMSME
The document increases the corpus of three refinance schemes to 1,500 crore, 1,400 crore, and 100 crore Bangladeshi Taka respectively. It redefines interest rates, capping bank margins at 3% and customer rates at 7%. Additionally, it exempts state-owned and specialized banks from specific eligibility criteria in Circular 02/2019 and reduces the minimum business experience requirement for participating institutions to three years.