Bangladesh’s central bank-Bangladesh Bank (BB) on 17 January formed a Taka 1,000-crore revolving refinance fund for the technological upgradation and development of export-oriented industries.
According to media reports, the revolving refinance fund would be formed with the central bank’s own source and would be granted for development and upgradation of capital machinery and technology, business process reengineering or automation-related machinery or technology, energy efficient machinery or technology, operations management-related machinery or technology, heat management machinery or technology, workplace management machinery or technology, human resource development and management-related upgraded technology and account, waste management machinery or technology, air management machinery or technology, water management machinery or technology, sales and marketing management automation machinery or technology upgradation.
BB has further set interest rate on the loans from the scheme between 5 per cent and 6 per cent.
The central bank on the day (17 January) issued guidelines under the export policy 2018-2021 with a view to graduating to a developing country by 2024, and to attain the sustainable development goals by year 2030 and become a developed country by 2041.
However, to achieve the targets (as per the Government’s vision 2021), enhancement of per capita export earnings and notable increase in its contribution to GDP would be vital, the circular issued by the central bank underlined adding under the circumstances, there is no alternative to technological upgradation and development of the export-oriented industries.
Bharat Tex Special Report 2026 
