New Tk 3,000 crore refinance scheme for agriculture sector

Bangladesh Bank today introduced an all-new Tk 3,000 crore refinance program as part of the stimulus package that supports the sector of agriculture.

The fund is intended to aid the sector in recovering from the economic damage that resulted from the Covid-19 pandemic.

The money comes from the Bangladesh Bank's own fund, and will expire on June 30 in 2022.

Participating banks in the scheme can avail refinancing facilities with 1 cent, according to an announcement issued today by Bangladesh Bank today. Bangladesh Bank today.

The rate of interest for farmers or recipients will be the maximum 4 percent, and will be identical for both new and old loan recipients.


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