B Mirror Report: Bangladesh Bank (BB) has revised key provisions of its Tk 10,000 crore agricultural refinance scheme, clarifying the source of funds while reaffirming the scheme’s duration.
In a circular issued on Sunday, the central bank amended Sections 3 and 4 of the original guidelines issued on June 8, 2023.
Under the revised guidelines, the refinance fund will now be sourced from the surplus liquidity of scheduled banks maintained under the management of Bangladesh Bank. The move formally defines the funding mechanism for the scheme, which is designed to support agricultural lending.
The central bank also confirmed that the refinance scheme will remain effective for three years from June 8, 2023, the date the original circular was issued.
According to Bangladesh Bank, the refinance facility aims to increase domestic agricultural production, strengthen food security, and generate employment by expanding economic activities in rural areas.
The circular added that all other provisions of ACD Circular No. 01, issued on June 8, 2023, remain unchanged and will continue to be in force.
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