Regulatory Alerts2020-08-31
Added · Updated
SMESPD Circular Letter No. 07: Special Loan or Investment facility for CMSME sector affected by COVID-19 pandemic.
This circular letter amends SMESPD Circular No. 01/2020 to make loan disbursement more dynamic for the CMSME sector affected by COVID-19. For all scheduled banks and financial institutions operating in Bangladesh, the proportional annual total loan/investment ratio for manufacturing and service sub-sectors has been rearranged to a combined 80%. For existing loan/investment recipients in these industries, the loan/investment amount cannot exceed 50% of their working capital limit as of December 31, 2019, and new recipients are subject to a maximum of 50% of their determined eligibility limit. Additionally, compliance with paragraph 2.6 of SMESPD Circular No. 2 dated September 05, 2019, is required for loan sanction/disbursement under the specified conditions.
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