Bangladesh Bank extends raw jute exporters’ loan rescheduling period

Exporters can submit their applications until June 30, according to a circular by the Banking Regulation and Policy Department (BRPD) of the central bank. The circular is effective immediately.

Bangladesh Bank yesterday extended the deadline for raw jute exporters to apply for loan rescheduling to back businesses facing liquidity issues and help regularise defaulted loans.
Exporters can submit their applications until June 30.
The extension aims at safeguarding the interests of exporters and ensure the continued dynamism of the country’s export trade, the central bank said.

Earlier, exporters were required to apply by December 31, 2025, by making a down payment or a one-time deposit of 2 per cent of their existing loan as of December 31, 2024.

Several were unable to meet the deadline due to complications in both global and domestic export markets.

Under the revised directive, customers can apply to the concerned bank by depositing 2 per cent of their defaulted (classified) loan balance, according to domestic media reports.

The extension aims at safeguarding the interests of exporters and ensure the continued dynamism of the country’s export trade, the central bank added.

Fibre2Fashion News Desk (DS)