The government has planned to formulate a policy to provide collateral-free home loan for freedom fighters and their heirs.
The loan will be given under the 'Freedom Fighters House Construction Loan Project'. Each freedom fighter will be able to avail of maximum Tk 1.0 million (Tk 10 lakh) as loan for constructing his or her home.
The loan tenure will be of 12 years, including a nine-month grace period.
According to the Finance Ministry, landless and insolvent freedom fighters will get the priority to avail of the loan.
The government in 2016 took an initiative to give collateral-free loan to freedom fighters for constructing their homes. As part of the move, a meeting was held at the Finance Ministry on February 8 last year.
At the meeting, a seven-member committee was formed with general manager (Banking and Policy) of Bangladesh Bank Abu Farah M Naser as its head to formulate a draft policy and put forward specific proposals to this end.
The 'Freedom Fighters House Construction Loan Project' will be implemented by state-run Sonali Bank, Janata Bank, Krishi Bank and Rajshahi Krishi Unnayan Bank. But the government may include other private banks and financial institutions in this project taking their consent if necessary.
Under the project, maximum Tk 1.0 million (Tk 10 lakh) will be given to one recipient while the tenure will be 12 years with a nine-month grace period, reports UNB.
