Business Desk: Bangladesh Bank (BB) has created a Taka 5,000 crore refinancing scheme for export-oriented industries in pre-shipment credit sector to fight the impact of coronavirus on the country’s economy. BB has created the ‘Pre-Shipment Credit Refinance Scheme’ for accelerating the country’s economy by providing pre-shipment export loan to the export oriented industries, according to a BB circular issued today.

Earlier, the government announced a set of stimulus packages with an allocation of Taka 72,750 crore. Among the allocation, Taka 5,000 crore will be provided to the export oriented industries as pre-shipment credit.

As per the BB circular, interested banks will have to ink participation
agreement with the central bank for taking the loan facilities.

The BB circular said the tenure of the scheme will be three years.

The scheduled banks will pay 3 percent interest to the central bank for the
loan, but they can take maximum 6 percent interest from their clients.

The BB circular also said the highest tenure of the loan will be one year
and a client can take the loan several times during the period of the scheme.