Dhaka, June 27 (New Age): Bangladesh Bank on Thursday
introduced a refinance scheme worth Tk 100 crore for the new entrepreneurs to
encourage self-employment.
The BB in a circular to banks and non-bank financial
institutes said that the entrepreneurs, who had not accumulated any business
experiences earlier, would be able to receive the loans from the refinance
fund.
The maximum tenure of the loan is five years with an
interest rate of 10 per cent.
The entrepreneurs will avail a grace period of six months
to repay the loan, the BB circular said.
Each of the clients will get a maximum amount of Tk 10
lakh in loan without any mortgage but the banks and the NBFIs will be able to
take
personal guarantee or third party guarantee from the
clients.
The clients will get a maximum Tk 25 lakh from the scheme
by giving mortgage to the banks and the NBFIs, the circular said.
The entrepreneurs, however, will have to arrange 20 per
cent of the total costs of any project. They have to attain technical education
about their proposed projects.
The entrepreneurs must hold training certificates from
government and non-government institutions which are recognised by the central
bank.
The BB asked the banks and the NBFIs to give priority to
women entrepreneurs and projects on import alternative products,
export-oriented businesses, innovative and creative enterprises and ICT related
businesses in disbursing the loan under the refinance fund.