Breaking News
December 13, 2017 - Joy inaugurates emergency service ‘999’
December 13, 2017 - BNP must join polls to avoid existence crisis: Quader
December 13, 2017 - First ever National ICT Day celebrated
December 13, 2017 - AL will win in next polls: Matia
December 13, 2017 - Tofail for strengthening WTO’s initiatives to increase trade
December 12, 2017 - I have no desire to be lawmaker or minister: Joy
December 12, 2017 - PM reaches Paris to attend One Planet Summit
December 12, 2017 - EC to take decision to hold election in 36 newly formed wards of DNCC and DSCC this week
December 12, 2017 - Joy opens national emergency services 999 today
December 12, 2017 - Govt to observe first ever Nat’l ICT Day today
December 12, 2017 - 128 promoted to additional secretary
December 7, 2017 - Md. Jamirul lslam Managing Director and CEO of Phoenix lnsurance Co Ltd, receiving the 4th ICSB National Award for Corporate Governance Excellence-2016 in lnsurance category from Commerce Minister Tofail Ahmed, M.P at a city convention center recently. President of ICSB Sanaullah, Commerce Secretary Shubhashish Bose and Former Adviser of Caretaker Government A. B. Mirza Azizul lslam also spoke on the occasion.
December 7, 2017 - Sophia talks to PM on Digital Bangladesh
December 7, 2017 - Khaleda, BNP committed political suicide forging alliance with militants: Inu
December 7, 2017 - Govt to construct tunnel under Buriganga River: Shajahan
December 7, 2017 - Govt has no plan for early elections: Quader
December 7, 2017 - Hanif warns BNP against carrying out pre-election violence
December 5, 2017 - Hun Sen addresses PM as ‘sister’
December 5, 2017 - BTRC to give 4G license Feb 14
December 5, 2017 - 54th death anniversary of Hussain Shaheed Suhrawardy today
December 5, 2017 - PM’s visit gives Dhaka-Phnom Penh ties a new dimension: FS
December 5, 2017 - 1,84,394 freedom fighters get allowances
December 3, 2017 - PM pays tributes to Annisul Huq
December 3, 2017 - Annisul Huq laid to rest
December 3, 2017 - BNP is doing bad politics on Rohingya issue: Inu
December 3, 2017 - Country observes Eid-e-Miladunnabi with religious fervour
December 3, 2017 - 62nd founding anniversary of Bangla Academy today
November 28, 2017 - Syed Nurul Islam, Chairman, Well Group Limited, addressing at a press conference aiming the BIGTEX-Bangladesh Int’l Garment & Textile Machinery Expo-2017 at Jatiya Press Club on Sunday. Md. Moazzem Hossain, Sr. Joint Secretary of BKMEA, and Fatematuj Johra, Director of Redcarpet365 Limited among others were present.
November 28, 2017 - Cabinet hails PM, Tulip
November 28, 2017 - Bankers donate blankets to PM’s relief fund
BB trying to expand green finance in country

BB trying to expand green finance in country

DHAKA: Through continuous monitoring and taking appropriate actions, Bangladesh Bank (BB) is trying to expand green finance in the country.

“Through different recent circulars, BB has increased the green product line to 52 and cut the interest rate of its own re-financing scheme,” BB’s Sustainable Finance Department General Manager Manoj Kumar Biswas told BSS.

According to the BB’s latest data, the green banking activities of banks and financial institutions (FIs) have witnessed upward trend as the total volume of green finance has increased by 17.86 percent or Taka 2, 423.18 crore at the end of the April-June quarter compared to the previous January -March quarter of the year.

Despite the increase in the total green finance, the direct green finance has declined by 28.94 percent or Taka 351.59 crore in the last quarter compared to the previous one.

Manoj Kumar Biswas said BB has also kept a provision to take permission of green products, out of the eligible 52 products, by submitting necessary documents.

Thus, he said, BB is trying to make flexible all procedures of green investment and hoped that the green banking activities will expand further in future.

For providing BB’s special focus on environment friendly green banking, National Credit and Commerce (NCC) Bank Chairman M Nurun Newaz said green investment is moving fast as banks and FIs have showed interest in financing the eco- friendly industries, businesses and other projects.

Mentioning the green industrialization as one of the priority areas of Prime Minister Sheikh Hasina, he said the growth of green investment through NCC bank is increasing day by day.

According to statistics, NCC Bank has disbursed Taka 749 crore in the first six months of the year which was Taka 835 crore in 2016.

To broaden the financing avenue for green products like solar energy, bio-gas plant and effluent treatment plant, BB established a revolving refinance scheme amounting to Taka 200 crore from its own fund in 2009.

The outstanding amount of the scheme was Taka 333 crore till August 2017 while the recovery was Taka 205 crore and total outstanding principle amount was Taka 128 crore. A total of 37 banks and 22 FIs have so far signed participation agreements to provide loans.

As per the recent master circular, banks can charge 8 percent interest on five-year loans of the scheme, 8.5 percent in the case of five to eight year period and 9 percent for above eight years.

If the bank provides the loan through agents or outsourcing or Micro Finance Institution (MFI), the interest rate will be 9, 9.5 and 10 percent respectively, the circular said.

But the interest rate will be 7 percent when it comes to the financing for the solar irrigation pumping system, the circular added.

But BB takes only 5 percent interest from the banks and FIs.

About author

Leave a reply

You must be logged in to post a comment.


Reflection Team


স্যান্ডউইচের দামে দেহ বিক্রি করছেন গ্রিক নারীরা!

স্যান্ডউইচের দামে দেহ বিক্রি করছেন গ্রিক নারীরা!

ভেঙে পড়ছে গ্রিসের অর্থনীতি। দুই মেয়াদে ক্ষমতায় এসেও সিপ্রাস সরকার চিত্রটা পাল্টাতে পারেনি। দিন দিন বাড়ছে বেকারত্ব। গোটা দেশটার আর্থ-সামাজিক…

Recent Video

Photo Gallery

Folder not found