Regulatory Alerts2016-05-03
Added · Updated
SMESPD Circular Letter No. 02: Provision of 100% refinance/pre-finance to women led enterprises under the Two Step Loan Fund
The Operating Guidelines for the FSPDSME project are amended to allow accredited banks and financial institutions to provide 100% refinance or pre-finance at a preferential interest rate, defined as the Bangladesh Bank rate plus a maximum 5% spread, specifically for women-led enterprises. This revision modifies Section 3.1, Annex-VI, and Annex-VII to permit financing up to 90% of sub-project costs from the On-Lending Loan window, replacing the previous maximum of 75%. These changes apply to eligible micro, small, and medium enterprises and take effect immediately upon the date of issue.