The Bangladesh Bank (BB) has introduced a special facility for flood-affected farmers and CMSME (Cottage, Micro, Small, and Medium Enterprises) borrowers, allowing them to extend the repayment period for their August loan installments over three months. This initiative aims to support borrowers in flood-affected areas, including Feni, Noakhali, Lakshmipur, Cumilla, and Chattogram, by easing the financial pressure.
As per the BB’s circular issued on 1 September, borrowers with unclassified short-term agriculture and CMSME loans as of 1 July can repay their installments due between August and October 2024 within three months of the original loan expiry date. Additionally, no penalty interest or late fees will be imposed on delayed payments, ensuring borrowers can maintain their financial stability and continue normal economic activities during this challenging period. This directive is effective immediately.
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