Dairy farming

BB eases refinance scheme

Bangladesh Bank (BB) has eased the refinance scheme for the milk producers across the country, allowing them five per cent interest without any mortgage loan, reports BSS.
The concerned banks can give loan by following the previous process, but, they cannot take any mortgage from the borrower, BB said in a circular issued yesterday.
According to the circular, banks would follow all loan payment rules including receiving application, determination of ability of borrowers, using pass book, monitoring the loan distribution and proper utilization of loan and collection process .

Dairy farming

BB eases refinance scheme

Bangladesh Bank (BB) has eased the refinance scheme for the milk producers across the country, allowing them five per cent interest without any mortgage loan, reports BSS. The concerned banks can give loan by following the previous process, but, they cannot take any mortgage from the borrower, BB said in a circular issued yesterday. According to the circular, banks would follow all loan payment rules including receiving application, determination of ability of borrowers, using pass book, monitoring the loan distribution and proper utilization of loan and collection process .