To help rawhide traders to avail fresh loans to purchase rawhides during and after the upcoming Eid-ul Azha, the country’s central bank has allowed leather traders to avail fresh loans by rescheduling their defaulted loans after paying a minimum 2 per cent down payment.
Media reports maintained this while underlining that thanks to the economic fallouts of the pandemic, ongoing Russia-Ukraine war and the recent floods in the north-eastern region of Bangladesh, a good number of rawhide traders have become loan defaulters.
Keeping the same in mind, the Bangladesh Bank recently said the rescheduling can be availed through a 2 per cent down payment on outstanding loans and the facility can be availed until 31 August.
