The central bank has set a 7% interest rate cap for loans provided under two agriculture refinancing schemes, which have a combined value of Tk13,000 crore. This includes a Tk10,000 crore agriculture scheme and a separate Tk3,000 crore fund dedicated to an agriculture-based special economic hub in the northern region. Additionally, the central bank has established a 3% refinancing rate for banks participating in these schemes.
Interest rate on Tk13,000cr agri refinancing schemes capped at 7%
The central bank has capped the interest rate for loans under two agriculture refinancing schemes totaling Tk13,000 crore at 7%.
Source: The Business Standard