** People rescuing an injured passenger from inside a passenger bus hit by a truck on Dhaka-Mawa Expressway in Shologhar area of Shreenagar upazila in Munshiganj on Thursday. ** Motorcycles allowed on Padma Bridge after 10 months ** Commuters charge extra fare, passengers disappointed ** 78 people killed in Yemen stampede ** Moon sighting committee meets today to ascertain Eid day ** 9 killed in road accidents in 3 districts ** US announces new $325 m military aid package for Ukraine ** Eid-ul-Fitr in Saudi Arabia today ** Eid exodus begins ** LPG price cut illusive ** 15 hurt as bus overturns in capital ** New interbank cheque clearing timings set for Eid holidays ** Four women hit by a train die in Tangail ** 12.28 lakh SIM users left Dhaka on Tuesday ** Sylhet engineer threatened over power outage ** People rush to village homes to spend Eid holidays with their near and dear ones. This photo was taken from Sadarghat Launch Terminal on Tuesday. NN photo ** Surge in cases of dehydration, diarrhoea amid summer heat wave ** Padma Bridge construction cost increases by Tk 2,412cr ** PM gives Tk 90m to Bangabazar fire victims ** Textile workers block highway demanding wage, Eid bonus ** Attack on PM's motorcade Ex-BNP MP, 3 others get life term ** Load-shedding increases for demand of electricity during heat wave ** Motorbikes to be allowed on Padma bridge from Thursday ** 5-day Eid vacation begins from today ** Take Nangalkot train accident as a warning about negligence of govt functionaries **

Tk25,000cr refinance scheme for CMSMEs

29 March 2023

Business Desk :
The Bangladesh Bank has lifted the investment limit in the production and service sector of the cottage, micro, small, and medium enterprises (CMSME) from the refinance scheme of Tk25,000 crore.
Under the previous guidelines, the central bank could disburse 60% term loan and 40% working capital loan to the CMSMEs under the refinance scheme.
The central bank issued a circular in this regard on Tuesday and sent it to the managing directors of all scheduled banks.
Banks and financial institutions can provide loans as per customers' needs by relaxing existing loan rates in production, service and business sectors, according to the central bank's instructions.
This relaxation will remain effective till 30 June 2024.
The maximum tenure of the term loan was five years and a six-month grace period after disbursement of loan.
Apart from this, the working capital loan has to be paid at the end of the 12-month period with interest.

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