Regulatory Alerts2011-09-04
Added · Updated
SMESPD Circular No. 02: Revision/Addition/Deletion of Some Provisions of 'Bangladesh Bank Fund' under Small Enterprises Refinance Scheme
The circular amends the Bangladesh Bank Fund under the Small Enterprises Refinance Scheme to extend refinancing eligibility to cottage and micro enterprises, applying the 10% interest rate for women entrepreneurs in these sectors. It mandates 100% refinancing for loans to women entrepreneurs in manufacturing, services, and trade, while restricting non-women applicants to manufacturing and services only. The refinancing limits are increased to 500,000 Taka for cottage enterprises and 1,000,000 Taka for micro enterprises, with applications now required monthly by the 15th of the following month.