Regulatory Alerts2020-11-01
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SMESPD Circular Letter No. 13: Special loan/investment facility provided to CMSME sector affected by Novel Corona Virus (COVID-19) pandemic
The Bangladesh Bank extends the deadline for scheduled banks and financial institutions to achieve their target disbursement of loans and investments under the special stimulus package for the CMSME sector from October 31, 2020, to November 30, 2020. This adjustment addresses the shortfall in disbursement targets by some institutions, which has hindered production and service expansion in the CMSME sector. The directive is issued under Section 45 of the Bank Company Act, 1991, and takes immediate effect, while other instructions from Circular Letter No. 08 remain unchanged.
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