New Tk 3,000 crore refinance scheme for agriculture sector
Bangladesh Bank today introduced a new Tk 3,000 crore refinance scheme under the stimulus package for the agriculture sector.
The fund will be used to help the sector recover from the economic losses caused by the Covid-19 pandemic.
The money will come from Bangladesh Bank's own fund and its tenure will end on June 30 in 2022.
The participatory banks of the scheme will enjoy refinance facilities at 1 per cent interest, according to a circular issued by the Bangladesh Bank today.
The interest rate for the recipients or farmers will be highest 4 per cent and it will be the same for old and new loan recipients.
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