BB updates agricultural refinance guidelines

Bangladesh Bank (BB) on Sunday revised key provisions of its Tk 100 billion agricultural refinance scheme, updating the source of the fund and reaffirming the scheme's tenure.
To this end, the central bank issued a circular replacing Sections 3 and 4 of the original guidelines issued on June 8, 2023, reports BSS.
According to the revised directive, the Tk 100 billion refinance fund will be sourced from the surplus liquidity of scheduled banks maintained under the management of Bangladesh Bank.
The clarification formalizes the funding mechanism for the scheme aimed at supporting agricultural lending.
The central bank also confirmed that the refinancing scheme will remain in force for three years from June 8, 2023, the date of issuance of the original circular.