BB expands green refinance scheme
BSS
Bangladesh Bank (BB) has expanded its refinancing scheme for eco-friendly industries known as green projects, including members of two major trade-associations, reports BSS.
The central bank in a circular said on Sunday that the members of Bangladesh Plastic Goods Manufacturers and Exporters Association (BPGMEA) and Leather Goods and Footwear Manufacturers and Exporters Association of Bangladesh (LFMEA) will be eligible for getting loans from the refinancing scheme.
Currently, the green financing offers loan to 47 products covering nine sectors.
BB said the members of BPGMEA and LFMEA would also get loans from the revolving fund for improving safety and security at their factories by installing fire extinguishers and water pumps at rooftops and constructing underground water reservoirs.
In August 2009, BB lunched the Tk 200 crore green banking refinance scheme to promote renewable energy and environmental friendly projects to help increase the power supply and reduce industrial pollution.
