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Low income people to get loan under new BB refinancing scheme

Staff Correspondent
20 Apr 2020 21:04:22 | Update: 20 Apr 2020 21:04:22
Low income people to get loan under new BB refinancing scheme

Low income professionals, farmers and marginalized traders hit by COVID-19 shutdown across the country will get subsidized loans from the Bangladesh Bank’s (BB) reviving refinancing scheme fund of Tk 3,000cr.

The Bangladesh Bank on Monday issued a guideline in this regard.

Under that package, COVID-19 affected people in three major categories will get the loan with a three-year repay deadline at 9 % interest rate.

A single client will receive loan from Tk 75,000 to Tk 3,00,000 while a five member team  or joint businesses will get loan from Tk 100,000 to Tk 300000 maximum.

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