Refinancing scheme facility deadline extended up to September 30

Supervisory committee of the capital market refinancing scheme will apply for the second installment worth Tk 3.0 billion this week following the disbursement of the first installment, officials said.
The committee has also extended the timeframe of applying for the refinancing scheme facility up to September 30 this year. The current timeframe will end on June 30, 2014.
The committee Monday held a meeting to discuss the disbursement situation of the first installment worth Tk 3.0 billion and also decided to give the requisition for the second installment from the central bank.
"The first installment worth Tk 3.0 has already been saturated among the borrowers of the capital market. That's why we have decided to apply for the second installment this week," Mohammad Saifur Rahman, the convener of the supervisory committee, told the FE.
The Bangladesh Bank (BB) disbursed the first installment worth Tk 3.0 billion out of Tk 9.0 billion capital market refinancing scheme at the end of August 2013.
The remaining fund worth Tk 6.0 billion was supposed to disburse through another two installments following the requisition of the supervisory committee of the capital market refinancing scheme.  
Rahman, also an executive director of the Bangladesh Securities and Exchange Commission (BSEC), has said among Tk 3.0 billion of the first installment Tk 2.39 billion has been disbursed.
"The applications for the loans worth Tk 1.01 billion are presently under the consideration of the supervisory committee. We are really pleased for the successful disbursement of the first installment," Rahman added.