On 2nd April, 2020, Bangladesh Bank published a circular detailing the eligibility and application, disbursement procedures and repayment procedures of the Tk. 5000 Crore Financial Stimulus package declared by the Hon’ble Prime Minister. The key features/highlights of the circular and the specific details are presented below.
Purpose of the Tk. 5000 Cr Financial Stimulus Fund
Management of the Financial Stimulus Fund
Eligibility to receive loans from the Financial Stimulus Fund
Amount of the loan and its distribution
Charges and repayment procedure
Written and compiled by Saqeb Mahbub, Partner & Wahid Sadiq Khan, Associate