BB to Prioritize Those Who Didn't Get Stimulus Last Year

To address the potential economic impact of the coronavirus outbreak, Bangladesh Bank has directed those who did not get low-interest stimulus loans in industry and services last year to give them priority this time.

The Banking Regulation and Policy Division of Bangladesh Bank issued a directive in this regard on Wednesday (July 28).

In the current fiscal year 2021-22, Bangladesh Bank has allocated Tk 33,000 crore for industry and services. The interest rate of this loan will be 9 percent. Of this, the customer will pay 4 and a half percent and the remaining 4 and a half percent will be subsidized by the government.

According to the central bank's directive, only those companies in the industrial and service sectors (excluding CMSMEs) that have been affected by the coronavirus outbreak are benefiting from the package. Article 7 (d) of the circular states that under the package in question, priority should be given to the most affected institutions in providing loans or investments against excessive demand.

In addition, Article 7 (e) of the circular also directed to give importance to the issue so that a large number of aggrieved institutions can avail loan or investment benefits under this package.