Leather sector entities that have relocated to the Savar Leather Industrial Park have been given more time to avail the special loan rescheduling facility after Bangladesh’s central bank, Bangladesh Bank (BB), extended again the tenure of the special loan rescheduling facility by three months for these entities.
According to reports, a Bangladesh Bank circular issued recently extended the application submission deadline till 30 December 2021, even as the central bank on 6 January 2021 introduced the policy, setting 31 March 2021 as the application submission deadline, which was later extended twice till 30 September, while the latest circular issued in this direction maintained the scope of availing the same was extended by three months since Bangladesh had been going through a fresh wave of the coronavirus outbreak.
Reports further added the approval of loan rescheduling or restructuring is subject to payment of 2 per cent of the outstanding loan prior to the application submission even as the entities which have already received loan restructure, rescheduling and interest waiver facilities will be considered eligible to get the new exit policy while the policy also allows banks to waive interest charged on the borrowers.
