The regulator enhanced the limit for the trade-based small enterprises considering the high demand for loans in the sector, according to a notice from the Bangladesh Bank. Then in October, the loan limit was raised to 30 per cent for the trading sector to boost stimulus fund disbursement. The central bank also extended the deadline for banks and non-bank financial institutions to execute the stimulus package for the CMSMEs by another month. The stimulus fund disbursement will now increase owing to this move as there is a high demand for loans in the trading sector. The loan limit for the trading sector will have to rise further as most of the trade-based enterprises are badly affected by the pandemic, he added.

Source: Dhaka Tribune November 26, 2020 18:22 UTC