BB launches Tk 1,500cr loan scheme for marginalised groups

Bangladesh Bank has introduced a Tk 1,500 crore refinancing scheme to expand access to bank loans for landless and marginal farmers, low-income professionals, students with eligible banking accounts, small businesses and remittance-beneficiary families.

The central bank issued a circular on Thursday (November 12), setting the maximum loan limit at Tk 10 lakh per borrower. Loans of up to Tk 5 lakh will be available without collateral, while banks may require guarantees from up to two people.

Under the scheme, eligible borrowers will receive loans at an annual interest rate of up to 7 per cent, with a grace period of up to six months and a maximum repayment period of five years. At least 25 per cent of the total loan disbursement must go to women borrowers and entrepreneurs.