Monday, 25 Nov, 2024

Business

BB sets Tk 120cr loan limit from EDF

Senior Correspondent |
Update: 2014-06-24 08:03:00
BB sets Tk 120cr loan limit from EDF

DHAKA:  The businessmen who are involved with export related business can take up to Tk 120 crores as loan from Export Development Fund (EDF) instead of Tk 96 crore.

The central bank of the country, Bangladesh Bank (BB), issued an order in this regard on Tuesday.

In the order BB said a single exporter or institution can loan $ 15 million instead of $ 12 million. 

The member organizations of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) will get the advantage, it added.

BDST: 1750 HRS, JUN 24, 2014

All rights reserved. Sale, redistribution or reproduction of information/photos/illustrations/video/audio contents on this website in any form without prior permission from banglanews24.com are strictly prohibited and liable to legal action.