Regulatory Alerts2021-06-23
Added
SMESPD Circular No. 06: Additional Refinance Fund for COVID-19 Affected CMSME Sector under CECRFP
Bangladesh Bank establishes an additional USD 300 million refinance facility for Participating Financial Institutions to support CMSMEs under the AIIB-funded CECRFP. Eligible PFIs may receive up to 50% additional refinance against their CMSME stimulus loans, raising total coverage to 100% when combined with existing schemes, subject to a 4% quarterly interest rate and a three-year period. PFIs must meet specific eligibility criteria, including a minimum of three years' operational experience, profitability for two consecutive years, and an NPL ratio not exceeding 10%, and must submit applications by 15 July 2021. The facility operates on a first-come-first-served basis, with recovery of refinanced amounts due one year after disbursement or upon maturity, whichever is earlier.