BB extends Tk 25,000cr pre-financing scheme

Business Desk :

Bangladesh Bank (BB) has extended the tenure of the Tk 250 billion (Tk 25,000 crore) pre-financing scheme designated for the Cottage, Micro, Small, and Medium Enterprises (CMSME) sector.

The central bank issued a circular on Wednesday announcing that the scheme, which originally had a three-year tenure, will now continue until a subsequent directive is provided.

The directive is effective immediately,report Bss.
The decision to keep the financing scheme operational was made based on several key considerations.

A primary factor is that the CMSME sector is recognized as a government priority sector. Additionally, there is extensive demand for the scheme among entrepreneurs.

The continuation of the scheme also specifically considered the greater interest of the customers within this sector.

The programmme itself is considered vital for ensuring the uninterrupted provision of loan or investment facilities to these enterprises.

These facilities are provided under relatively low interest or profit rates and easy conditions.