Loan for physically challenged
Published: 2013-09-12 00:39:09.0 BdST Updated: 2013-09-12 00:46:44.0 BdST
The Bangladesh Bank is set to give soft loans to physically challenged entrepreneurs.
A circular from the central bank on Wednesday ordered other commercial banks to grant loans at 10 percent interest under the refunding project.
The order was issued after changes in the ‘Bangladesh Bank Fund’ policy for the small entrepreneurs.
The central bank introduced the fund in 2011. Although the policy back then spoke of granting loans to the physically challenged, it did not have specific guidelines.
Wednesday’s circular said each physically challenged entrepreneurs would get a minimum of Tk 10,000 and a maximum Tk 500,000 form the fund.
Bangladesh Bank’s SME and Special Programmes Department took the initiative to include the small investors, who are physically challenged, to the economy.
The fund currently has Tk 7.26 billion.
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