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The Bangladesh Bank (BB) has re-fixed the interest rate on the pre-finance facility under the support safety retrofits and environmental upgrades programme (SREUP).
“The interest rate for pre-financing facility to all new sub-loans under SREUP has been re-fixed to a maximum of 7 per cent per annum, while the interest rate on already sanctioned prevailing sub-loan will remain at 5 per cent per annum,” said a central bank circular issued on Tuesday.
As per the circular, the interest rate to be paid by the PFIs to the Bangladesh Bank for new On-Lending Loan (OLL) under the project was re-fixed at 4.5 per cent per annum, where the margin for the PFIs is 2.5 per cent.
Investment grants will be sanctioned on a first come, first-served basis.
All other instructions of the previous circulars will remain unchanged while the new instructions will come into force immediately and continue to be valid until further order, the circular added.
Messenger/Disha
