BB extends green finance scheme

BSS, Dhaka :
Bangladesh Bank (BB) on Sunday extended its green financing scheme, with inclusion of two more sectors to get low-interest loans for green initiatives.
The central bank in a circular directed all banks and financial institutions to offer easy loan from its refinancing scheme to the members of the Bangladesh Garments Accessories and Packaging Manufacturers and Exporters Association (BGAPMEA) and Bangladesh Terry Towel and Linen Manufacturers and Exporters Association (BTTLMEA).
The circular, however, said that the members of these organisations should have their own factories, and the loan would only be given for ensuring safe workplace through construction, renovation or rebuilding of fire safety system and the works associated with the fire safety procedure.
In 2009, the central bank set up a Taka 200 crore refinancing scheme for financing green initiatives. With the latest expansion, some 50 green products were added to the scheme.