Bangladesh Bank eases loan rescheduling policy for raw jute exporters

Such exporters can reschedule loans with a 2-per cent down payment of their outstanding loans, a circular by the central bank said. The outstanding loan will be calculated based on March 31, 2024.

So traders can get loans from scheduled banks as their moratorium will be accepted by banks, domestic media outlets reported.

Traders from Bangladesh, which is the global top raw jute exporter, have faced some difficulties in exporting the item in the last few years.

ALCHEMPro News Desk (DS)