Two more products now eligible for BB's green finance

Bangladesh Bank has included jute products manufacturing industry and lithium battery manufacturing plant in the list of eligible sub-sectors who will get loan from the banking regulator's Tk 400 refinance scheme.

With the inclusion of the new two, 70 sub-sectors will now get fund from the scheme, according to a circular of the sustainable finance department of the Bangladesh Bank.

Moreover, the banking watchdog also cut the interest rates of such loans to 5 percent from the previous 6 percent.

However, the interest rate will be up to 3 percent for solar irrigation pumps under the agriculture sector.

The tenure of the refinance scheme will 3 to 10 years.

In case of affordable green housing, the tenure will be 20 years with a one year of grace period.