The central bank has invited the banks to have 'participation agreement' for availing pre-shipment credit under the Tk 50 billion refinance scheme earlier formed to help local exporters face the challenges induced by the Covid-19 pandemic.
In a circular on Monday, the Bangladesh Bank (BB) said the banks already having such an agreement do not need to do so again.
The participatory banks will have to submit their application to the director of the BB's Sustainable Finance Department (SFD) for availing the fund.
Along with the application, the banks need to submit information about the branch-based pre-shipment credit facility demand, client-wise packing credit-related information, letter of authorisation and declaration regarding overdue export bills.
The BB in 2020 introduced the loan facility from its own coffer to facilitate the local exporters facing troubles due to the pandemic.
