SMESPD Circular Letter No. 06: Re-fixing Interest Rate on Pre-finance Facility under SREUP

SME & Special Programs Department SREUP PMU BANGLADESH BANK (Central Bank of Bangladesh) Head Office Motijheel, Dhaka-1000 Bangladesh www.bb.org.bd SMESPD Circular Letter No. 06 Date: September 26, 2022 Managing Directors/CEOs All Banks and Financial Institutions in Bangladesh Head Office Dhaka

Dear Sirs, Re-fixing interest rate on pre-finance facility under SREUP. Please refer to our SMESPD Circular No.1 dated March 31, 2019 on the captioned subject. 02. At customer level the interest rate for pre-financing under SREUP has been re-fixed to a maximum of 5% per annum instead of existing 7% per annum; 03. This 5% interest rate will be applicable to all new and existing sub-loans under SREUP; 04. Interest rate to be paid by PFIs to Bangladesh Bank for On-Lending Loan (OLL) under this Project is fixed at 2.5% per annum; 05. Investment grants will be sanctioned on a “first come, first served” basis; and 06. Other instructions of the aforesaid circular will remain unchanged. This instruction will be effective from September 19, 2022. Please bring the contents of this circular to the notice of all your constituents concerned. Sincerely Yours, ( Moni Shankar Kundu) Director (SREUP) & Project Director SREUP SME & Special Programs Department Phone: 9530715 50080