Monday, April 13th, 2020

BB issues guideline for Tk 5000cr stimulus package for agriculture

Published 8:06 pm | April 13, 2020

dainik somoy sangbad

Online Desk : Bangladesh Bank (BB) on Monday issued a guideline for the stimulus package of Taka 5,000 crore announced by the government for agriculture sector to boost production to overcome the possible COVID-19 impact.

The central bank has introduce a scheme of Taka 5,000 crore titled ‘Special Incentive Re-financing Scheme for Agriculture Sector’ for ensuring smooth flow of capital for non-crop agriculture sub-sectors dependent on working capital, including seasonal flower and fruit cultivation, fisheries, poultry, dairy and livestock.

For taking the loan facilities, interested banks will have to ink participation agreement with Bangladesh Bank.

The scheduled banks will pay one percent interest to the central bank for the loan, but they can take maximum 4 percent interest from their clients.

The banks will repay the money with interest to the central bank within 18 months, including six months grace period.

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