The Bangladesh Bank has announced a Tk 30 billion refinancing fund for low-income professionals, farmers and small-business owners affected by the coronavirus shutdown.
The interest rate on the loans has been capped at 9 per cent, according to a notice announced by the central bank on Monday, reports bdnews24.com.
“The government is taking various initiatives to tackle the economic downturn caused by the coronavirus pandemic. The fund is part of those initiatives. It includes assistance for low-income people,” Kazi Sayedur Rahman, executive director at Bangladesh Bank, said.
The three-year loans aim to ensure inclusive economic development by helping small businesses run by low-income people, the central bank said.