Bangladesh Bank has formed another refinance scheme of Tk 3,000 crore for the pandemic-hit agricultural sector.
The scheme was approved at BB’s 417th meeting of its board of directors held on Monday. The central bank’s Governor Fazle Kabir presided over the meeting.
A high official of the central bank said the complete guideline of the scheme will be announced within three to four days.
Earlier on April 14, 2020, BB launched a Tk 5,000-crore stimulus fund for the pandemic-hit agriculture sector.
The tenure for the loans was set at 18 months, including a grace period of six months.
Banks borrowed the funds at a one per cent interest rate and lend at four per cent to farmers in line with the BB guidelines.
Tk 500cr refinance for hospitality industry
The central bank also formed at Tk500 crore refinance scheme for the pandemic hit hotel, motel and theme park in the tourism sector to pay the salaries of its employees.
The BB board of directors approved the scheme.
Earlier in July, BB in July declared a stimulus package worth Tk 1,000 crore for hotels, motels and theme parks suffering from the ongoing pandemic.
Owners of hotels and theme parks having trade licences will be able to get loans from the scheme in the form of working capital at a 4 per cent interest rate.
