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Published on September 8, 2014
The scheme has marked a recovery rate of 87 percent. The high repayment rate has prompted the Bangladesh Bank to put another tk 2 corer in to the scheme. Earlier, a person could take a maximum loan of Tk 50,000 but now the ceiling will be raised to Tk 1 lakh. Other ceilings too have been increased. For example, for house building a person can now take out a maximum loan of Tk 50,000 loan instead of Tk 7,000 as before. The loan features a 6 percent simple interest payable in 10 years in 120 installments. The programme is being run by the Prime Minister’s office.
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