Credit flow to green projects on rise

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BSS, Dhaka :
The green and eco-friendly projects have become one of the major focuses of country’s banking sector, with increasing credit flow, according to Bangladesh Bank (BB).
The latest data of the BB’s Green Banking and CSR Department showed that the banks in 2014 disbursed Taka 45 thousand 53 crore to finance various projects those have direct or indirect link to green initiatives.
Of the amount, Taka 3 thousand 623 crore were disbursed to finance absolute green projects when the rest Taka 41 thousand 429 crore landed to finance the eco-friendly projects.
The central bank attributed the increased credit flow to the green and eco-friendly projects to its prudent policy support. “BB made simple the policy guidelines for utilizing the refinancing scheme for green and eco-friendly projects”, BB’s spokesperson and executive director M Mahfuzur Rahman told BSS.
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