BB eases loan rescheduling policy for raw jute exporters

Bangladesh Bank (BB) has eased loan rescheduling policy for raw jute exporters for next two years.

The central bank in a circular on Sunday, stated that raw jute exporters can reschedule loans with a 2.0 per cent down payment of their outstanding loans.
The loan outstanding will be calculated based on March 31, 2024.

As a result, the traders can get loans from scheduled banks as their moratorium will be accepted by banks.

Though Bangladesh is the global top raw jute exporter country, the traders have faced some difficulties in exporting the item in the last few years.