Dhaka, May 23 -- A massive refinancing and support fund worth Tk 600 billion has been launched to reinvigorate Bangladesh's slowing private-sector-led economy with vibrant business activity.

Generating employment for over 2.50 million people is among cardinal objectives of the stimulus package Bangladesh Bank (BB) rolled out Saturday, in line with the new government's economic agenda.

The broader objective of the scheme aims to help resume production in the closed or struggling industrial units, boost agricultural output and exports and strengthen rural economic activities.

The package has two components: a Tk 410-billion refinancing fund, sourced from banks with excess liquidity through long-term deposits of at least three years at 10...