The central bank has formed a new refinance scheme worth Tk 150 billion to facilitate large industries and services sector which are being affected by the Coronavirus outbreak.
The participating banks will borrow the money at an annual interest rate of 4.0 per cent and will have to pay the interest quarterly, according to a notification issued by Bangladesh Bank (BB) on Thursday.
The industries or services companies will get loans from the scheme at an annual interest rate of 9.0 per cent.
The tenure of the revolving refinance scheme has also been fixed at three years, it added.
"We've introduced the scheme to help the banks implement the government announced Tk 300 billion stimulus package for such industries and services," a BB senior official told the FE.
Earlier on April 12, the central bank issued a guideline in this connection.
siddique.islam@gmail.com
