Dhaka, July 30 -- Bangladesh Bank (BB) has formed a revolving pre-finance scheme worth Tk 2,000 crore to foster the development, sustainability and international competitiveness of the country's leather and leather goods sector.

The central bank issued a circular, signed by Director of its Banking Regulation and Policy Department (BRPD) Gazi Md Mahfuzul Islam, on Thursday, outlining the operational policy guidelines for all scheduled banks.

The main objective of the fund - financed entirely from BB's own resources - is to meet domestic demand, expand export earnings, promote eco-friendly production, ensure international quality standards, and generate employment opportunities in the leather industry.

Under the guidelines, the fund will...