Home ›› 09 May 2020 ›› World Biz
The Bangladesh Bank has increased the size of refinancing schemes for corona-hit cottage, micro, small and medium enterprise (CMSME) sector.
The central Bank has added another 1.5 thousand crore taka to the fund which will be available at 7pc interest rate to traders under CMSME sector.
A circular in this regard was issued on Saturday.
It was learnt that the fund was raised to 1.5 thousand crore from 850 crore taka.
The 700 crore taka fund allocated for establishing agro processing industry has been increased to 1,400 crore taka. Refinancing fund for new entrepreneurs has also been doubled from 50 crore taka to 100 crore taka.
Customer level interest has been fixed at 7pc for these funds while for banks and financial institutes it will be 3pc, the circular read.
Additionally, the central bank has also relaxed lending conditions of these funds in the coronavirus fallout.
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