Regulatory Alerts2023-01-31
Added
SMESPD Circular Letter No. 02: Conversion of Refinance Scheme Amounting to Taka 25,000 Crore to Pre-Finance Scheme
The Bangladesh Bank converts the CM-SME sector refinance scheme of Taka 25,000 crore into a pre-finance scheme to address liquidity constraints and increase lending flow. Participating banks and financial institutions will receive quarterly advance funds based on loan disbursement progress, with applications for previous disbursements due by February 28, 2023. Institutions must submit required forms and data by the 10th of the month following each quarter to receive subsequent funding, while existing post-refinance benefits for loans distributed under prior circulars remain valid.
Topics
credit
monetary
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