BB adds three green financing products
Economic Reporter :
The central bank has included three more products into its green banking refinancing scheme, which was initiated five years ago, following the expansion of environment-friendly activities in the country.
The products include central effluent treatment plant, waste heat recovery system and used lead acid battery recycling plant.
Bangladesh Bank issued a circular in this regards in this regard on Wednesday.
Currently, a total of 47 products are being facilitated in 10 sectors under the programme.
The credit limit is set at Tk15 crore for central effluent treatment plant, Tk5 crore each for waste heat recovery system and used lead acid battery recycling plant. The interest rate will be highest 9 per cent for each product with one-year grace period.
In this back drop, Bangladesh Bank Governor Dr Atiur Rahman urged the policymakers of the banks to pursue ‘Green Banking’ in a more effective manner as such banking has been identified as one of the major drivers of sustainable economic growth in developing countries.
“All banks have their general credit policy for the lending sectors. But the nature of the different sectors is different from the environmental perspective.
The central bank has included three more products into its green banking refinancing scheme, which was initiated five years ago, following the expansion of environment-friendly activities in the country.
The products include central effluent treatment plant, waste heat recovery system and used lead acid battery recycling plant.
Bangladesh Bank issued a circular in this regards in this regard on Wednesday.
Currently, a total of 47 products are being facilitated in 10 sectors under the programme.
The credit limit is set at Tk15 crore for central effluent treatment plant, Tk5 crore each for waste heat recovery system and used lead acid battery recycling plant. The interest rate will be highest 9 per cent for each product with one-year grace period.
In this back drop, Bangladesh Bank Governor Dr Atiur Rahman urged the policymakers of the banks to pursue ‘Green Banking’ in a more effective manner as such banking has been identified as one of the major drivers of sustainable economic growth in developing countries.
“All banks have their general credit policy for the lending sectors. But the nature of the different sectors is different from the environmental perspective.