Photo: BIGSTOCKDecision taken in light of the increasing trend in the use of digital devices by teachers and students across all academic institutionsFrom now on, banks can provide a maximum of 70% loans under the consumer loans category for anyone willing to purchase digital devices. Bangladesh Bank's Banking Regulation and Policy Department issued a notice on Monday readjusting the loan-margin ratio to 70:30 instead of the existing 30:70 for consumer loans entailing purchase of digital devices, with immediate effect. To impact the marginalized people, the government has to provide digital devices through schools or institutions,” said Rahman. “I have three other siblings at home who all need electronic devices for either academic needs or even social purposes amid the Covid-19 pandemic. “But liquidity is a big issue for middle-income families like ours, although the need for purchasing smart devices is an immediate one with everyday tasks becoming digital,” he added.

Source: Dhaka Tribune July 13, 2021 14:26 UTC