The interest rate on loans from the fund will be five to six percent at the consumer level. The banks and financial institutions will take loans from the fund at one percentage point less than the bank rate and disburse them after adding two to three percentage point in interests. The entrepreneurs of special development-based sectors and those given top priority in the Export Policy 2018-23 will be eligible for loans from the fund. Currently, the bank rate is four percent after a one percentage point cut last year amid the pandemic crisis. It means that the banks and financial institutions will take loans from the fund at 3 percent interest and charge 5 percent interest for disbursement.

Source: bd News24 January 17, 2021 19:18 UTC