‘Taka loan of Rs 25,000 will also get credit guarantee facility’

Staff Reporter: The central bank also said that loans of Rs 25,000 to landless farmers, low-income professionals and small traders, including those with accounts of Rs 10, 50 and 100, would now be available to them. This facility will be provided under refinancing scheme.

On Wednesday, 5th January, a circular was issued by the Financial Inclusion Department of Bangladesh Bank to change the policy in this regard. Earlier this facility was available in case of loan of Rs 3 lakh or more.

From now on, the bank will be able to avail the benefit of credit guarantee scheme against the loan given under this refinancing scheme at its own discretion even in case of loan of Rs. 25,000 or more. In this case, the bank will pay the guarantee fee from its own source, the circular said.

Source: Daily StockBangladesh by www.dailystockbangladesh.com.

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