Businesses yet to avail stimulus loans will get priority: BB
BI Report || BusinessInsider
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The central bank asked all scheduled banks to provide stimulus loans to the affected industries and services sector firms, which are yet to get low-cost loans.
The Banking Regulations and Policy Department of the Bangladesh Bank has issued a circular in this regard on Wednesday.
“Loans to industries and services sector firms, which are yet to get any loans from the stimulus package, have to be given on priority basis,” said the circular.
The BB also said these low-cost loans must not be concentrated within a few clients.
On April 12 last year, the BB launched a Tk 30,000-crore stimulus package to help the Covid-affected businesses recover from the pandemic. Of the 9 percent interest rate, the government is providing 4.5 percent to the lenders and borrowers will pay the remaining percent.
Later, the size of the loan package was increased to Tk 40,000 crore.