The Bangladesh Bank, the central bank of Bangladesh, periodically announces various refinance schemes to support different sectors of the economy. These schemes are typically aimed at providing financial assistance and support to specific industries or segments that are considered vital for economic growth and development.
The specific details of any refinance scheme offered by the Bangladesh Bank can vary depending on the prevailing economic conditions, government priorities, and the needs of the targeted sectors. These schemes may include provisions for subsidized interest rates, flexible repayment terms, and other incentives designed to encourage borrowing and investment in priority areas.
For the most accurate and up-to-date information on any refinance schemes currently being offered by the Bangladesh Bank, it would be recommend checking the official website of the Bangladesh Bank or contacting them directly for details on any currently available programs. Additionally, you may find information through official announcements, press releases, or publications from the Bangladesh Bank’s website.
The CMSME Department of BB
The Cottage, Micro, Small, and Medium Enterprise (CMSME) Department of Bangladesh Bank focuses on promoting and supporting the development of small and medium-sized enterprises (SMEs) in Bangladesh. It plays a crucial role in providing financial services, policy support, and capacity-building initiatives to help these enterprises thrive and contribute to the country's economic growth.
The SME Credit Feasibility scheme of Bangladesh Bank aims to provide financial support and assistance to small and medium-sized enterprises (SMEs) by assessing the feasibility of their proposed projects. This scheme typically involves evaluating the viability, profitability, and sustainability of SME projects to determine their eligibility for credit facilities provided by banks and financial institutions regulated by Bangladesh Bank. The goal is to facilitate access to finance for SMEs, thereby fostering their growth and contributing to the overall economic development of Bangladesh.
Master circular issued by BB allowed banks to charge up to 7 per cent interest on the CMSMEs against the Refinance Schemes:
Small Enterprise Refinance Scheme for Women Entrepreneurs
Setting up Agro Based Product Processing Industries Refinance Scheme
New Entrepreneurs' in Cottage, Micro and Small Enterprise Sector.
Shariah Based financing in 'Agro-Based Industry', Small Entrepreneurs' (Including Women Entrepreneur) and New Entrepreneurs' in Cottage, Micro & Small Enterprise Sector.
Circular issued by BB allowed banks to charge up to 4 per cent interest on the CMSMEs against Establishment of Refinance Fund titled ‘Start-up Fund’:
Refinance Scheme for Start-Up Fund
Industrialization is a prerequisite for sustainable economic development and achievement of social progress in a developing country like Bangladesh. Therefore the Government pledges to take initiatives to accelerate the environment-friendly sustainable industrial growth in the country.
Cottage, Micro, Small and Medium Enterprises (CMSMEs) are considered as a potential sector for resolving unemployment problem. This sector has been playing a significant role for achieving economic growth and earning foreign currency by encouraging and expanding the business activities. With a view to enhancing the living standard of the mass people, to ensure women empowerment along with reducing gender discrimination for the development of this sector.
High priority sector
1. Agriculture/food processing and agricultural machinery manufacturing industries
2. Ready made garment industry
3. ICT/Software Industry
4. pharmaceutical industry
5. Leather and Leather Products Industry
6. Light engineering industry
7. Jute and jute industries
Priority sectors
1. Plastic industry
2. Foreign employment
3. Shipbuilding industry
4. Environmentally friendly ship recycling industry
5. tourism industry
6. Frozen Fisheries Industry
7. Home textile goods industry
8. Renewable Energy (Solar Power, Wind Mill)
9. Active Pharmaceutical Ingredient Industry and Radio Pharmaceutical Industry
24. Preparation of coconut oil (if copra collected from indigenous coconuts is used)
25. Rubber Tape, Lakshma Processing
26. Cold Storage (Processing and Storage of Farmers Produced Food Potatoes and Seed Potatoes, Fruits, Vegetables)
27. Manufacture/manufacture of wood, bamboo and rattan furniture (except cottage industries) and manufacture of coppersmith's tools
28. Preservation and export of flowers
29. Meat processing
30. Manufacture of organic fertilizers, mixed fertilizers, granular urea etc
31. Manufacture of bio-pesticides, neem derived pesticides etc
32. Beekeeping/honey making
33. Particle board
34. Sugar and other sweetening products
35. Soyfood Production and Soybean Processing
36. Mustard oil manufacturing industry (if domestic mustard is used)
37. Rice bran well
38. Project for manufacturing of rubber products
39. Seed Industry
40. Processing and marketing of dairy and poultry products
41. Horticulture, floriculture, floriculture, marketing of flowers and vegetables (this industry will include lemons, mushrooms, betel leaves, honey etc.)