Regulatory Alerts2023-10-01
Added
SMESPD Circular Letter No. 10: Change in name and policy of “Refinance Scheme for Setting up Agro Based Product Processing Industries in Rural Areas”
The Small and Medium Enterprises and Special Programs Department (SMESPD) renames the “Refinance Scheme for Setting up Agro Based Product Processing Industries in Rural Areas” to the “Refinance Scheme for Agro Based Product Processing” and updates the associated guidelines. The circular establishes specific definitions and investment thresholds for cottage, micro, small, and medium enterprises, sets maximum loan limits ranging from 1.5 million BDT for cottage enterprises to 7.5 billion BDT for medium enterprises, and fixes the refinance rate at 2% with a maximum customer interest rate of 7%. These changes apply to all scheduled banks and financial institutions in Bangladesh and take effect immediately.
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