Regulatory Alerts2021-08-04
Added
SMESPD Circular Letter No. 09: Ensuring the achievement against target for CMSME loans/advances to women entrepreneurs
The document mandates that scheduled banks and financial institutions in Bangladesh provide renewal facilities under the micro-enterprise sector exclusively to women entrepreneurs to help achieve a 15% target for CMSME loans by 2024. It requires that the interest/profit rate for these renewals be set at 0.5% for banks/financial institutions and a maximum of 5% for customers. This directive amends previous circulars that had set rates at 3% and 7% respectively during the pandemic.