Regulatory Alerts2026-02-05
Added
SMESPD Circular No. 01: Refinance Scheme against Financing to Cottage, Micro, Small and Medium (CMSME) Enterprises
Bangladesh Bank converts the pre-refinance scheme into a refinance scheme with a total fund of 18,000 crore BDT, distributed at a rate of 750 crore BDT per year from December 2026 to December 2029. Scheduled banks and finance companies must provide refinancing to eligible CMSME borrowers at a maximum customer interest/profit rate of 7% per annum, while receiving refinancing from Bangladesh Bank at a rate of 2% per annum. The scheme applies to loans granted under SMESPD Circular No. 01 dated March 17, 2025, with specific eligibility criteria, application procedures, and penalties for non-compliance or misrepresentation.