Bangladesh Bank (BB) today revised several provisions of its Tk 3,000 crore refinancing scheme aimed at creating a special economic centre based on agriculture in the northern region of the country.<\/p>\n
The central bank issued the revised instructions through a circular letter under its Agricultural Credit Department, replacing certain provisions of an earlier circular issued on July 6, 2026.<\/p>\n
Under the revised provision, participating banks will receive refinancing facilities from Bangladesh Bank at an interest\/profit rate of 3 percent.<\/p>\n
At the customer level, the interest\/profit rate will be a maximum of 7 percent.<\/p>\n
For Shariah-based financing, the profit rate charged to customers will have to be determined in accordance with the approved investment policy, but it cannot exceed 7 percent. The rate will be applicable equally to all customers.<\/p>\n
The circular also revised the tenure of loans and investments under the scheme.<\/p>\n
For eligible sectors or projects, loans or investments provided to customers, including a three-month grace period where applicable, will have a maximum tenure of 18 months.<\/p>\n
Participating banks must repay the principal and interest or profit to Bangladesh Bank within a maximum of 18 months from the date of receiving refinancing.<\/p>\n
For loans or investments under other specified sectors or projects, including a grace period ranging from three to six months where applicable, the maximum tenure will be 36 months.<\/p>\n
Participating banks must repay the principal and interest or profit to Bangladesh Bank within a maximum of 36 months from the date of receiving refinancing.<\/p>\n
Bangladesh Bank also specified a provision for recovery in cases of misuse of the refinancing facility or charging customers an interest\/profit rate above 7 percent.<\/p>\n
If such irregularities are identified, the bank concerned will have to pay an additional 2 percent interest\/profit over the prescribed rate on the relevant amount as a one-time recovery.<\/p>\n
The participating banks have also been instructed to publicise the concessional loan facility by displaying banners inside and outside their branches at easily visible locations and through special campaigns.<\/p>\n
The central bank said all other provisions of the earlier circular will remain unchanged and instructed banks to implement the revised directions immediately.<\/p>\n
-BSS<\/p>\n","protected":false},"excerpt":{"rendered":"
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