bdnews24.com :
Bangladesh Bank has raised both the volume of fund and credit limit for exporters.
After the increase, EDF has become $1.5 billion and individual credit limit $15 million.
The central bank created Export Development Fund (EDF) with initial fund of $100 million in 2005 to encourage and to provide investment capital for the exporters. Last year it had been raised to $1 billion and on 6 April it was further raised to $1.2 billion.
Exporters from any sector can avail the credit from EDF. Previously, they were allowed to take $12 million from the fund.
