Bangladesh, July 8 -- In a major move to inject life into the country's sluggish industrial sector, Bangladesh Bank (BB) yesterday launched a massive Tk 20,000crore revolving pre-finance scheme aimed at reviving closed and underutilized large-scale enterprises.
The initiative, titled the "Closed Industry and Service Sector Facilitation Pre-finance Scheme," is designed to provide crucial working capital to eligible industries, helping them restore production capacity, secure supply chains, and protect thousands of jobs.
Under the freshly issued guidelines published on Tuesday, the central bank will provide funds to participating financial institutions (PFIs) at a concessional interest rate of 4 percent, while the maximum lending rate for e...