Dhaka, May 11 -- In a major push to decentralise sustainable industrialisation, Bangladesh Bank has established a special Tk 1,000 crore refinancing fund dedicated to making rural and local industries environment-friendly.

Under this scheme, entrepreneurs will be able to access credit at an interest rate of maximum 5 percent.

The Sustainable Finance Department of the central bank issued a circular in this regard on Monday.

According to the directive, this amount has been carved out of the central bank's existing Tk 5,000 crore Green Transformation Fund (GTF) specifically to support grassroots and localised industrial growth.

The fund is designed to finance the import of environment-friendly machinery or the purchase of locally manufac...