Homeopathy pharma comes under BB\\\'s scheme

Homeopathic pharmaceutical companies have come under the refinancing scheme of Bangladesh Bank (BB), the central bank said on Sunday.
Issuing an amendment to its earlier directive, the central bank in a circular said the homeopathic pharmaceutical companies would also be entitled to get funding from its refinancing scheme under the list of agro-based industries.
BB on July 2012 announced a list of 39 agro-based sectors, allowing them to get necessary loan from its refinancing scheme, launched in 2003 with an initial fund of Tk1 billion. The size of the fund has already been increased by many folds to as much as Tk4 billion until last year to meet the increasing demands for loans.
Entrepreneurs outside Dhaka city, divisional cities, and Narayanganj city can have loans under the scheme at a maximum 10 percent applicable rate of interest, a BSS report added.