Regulatory Alerts2022-07-19
Added
SMESPD Circular No. 04: Introducing Refinance Scheme against financing to Cottage, Micro, Small and Medium (CMSME) Enterprises
Bangladesh Bank establishes a Tk 25,000 crore refinance scheme for CMSME enterprises with a three-year initial tenure, setting a 2% annual interest rate for participating institutions and a maximum 7% annual rate for borrowers. The scheme mandates that at least 75% of distributed loans go to cottage, micro, and small enterprises, with priority given to cluster-based, women, and disaster-affected entrepreneurs. Participating banks must sign a participation agreement, submit quarterly progress reports, and adhere to strict distribution quotas and risk management guidelines.