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Bangladesh Bank extends CMSME package execution time to June 30

Staff Correspondent | Published: 23:52, Apr 12,2021

 
 

The Bangladesh Bank on Monday extended for the fifth time the deadline for the implementation of Tk 20,000-crore stimulus package meant for cottage, micro, small and medium entrepreneurs as more than one-fourth of the package’s fund is yet to be disbursed.

To this end, the central bank issued a circular on the day, extending the loan disbursement deadline for the package to June 30, 2021.

During the extended period for the stimulus package implementation, banks are allowed to disburse fund for the first phase implementation of the package.

The central bank mentioned that the disbursement to CMSMEs reached Tk 14,462 crore, or 72.31 per cent, of Tk 20,000 crore.

The central bank announced the package on April 13, 2020 to contain impact of the COVID-19 outbreak on the CMSME sector.

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