Related Keywords: Bangladesh Bank scheme, Bangladeshi jute sector
Bangladeshi business people in the jute sector including exporters and jute mills will now get bank loans with a lower rate of interest under the new Bangladesh Bank (BB) scheme. The central bank is going to initiate its own refinance fund to the tune of Tk 2.0 billion for the jute sector after have refused by the government to provide a payment guarantee against the scheme.
A complete proposal will be presented before the board of directors of the Bangladesh Bank (BB) seeking approval of the scheme with the revolving fund having the tenure of five years.
