Microcredit Regulatory Authority has asked lending organisations of such loans to keep withheld recovery of instalments of existing loans from the flood-affected borrowers in 17 districts for at least two months during and after the calamity. The MRA issued a circular to chief executive officers of all certificate-owned microcredit lenders on Monday asking them to provide the flood-affected borrowers with fresh loans for interim and disaster
period.
The MRA asked the microcredit lenders to provide the rescheduling facility for the current credits of the flood-affected borrowers.
It also instructed the microcredit lenders to give such borrowers 100-per cent saving withdrawal facilities.
The microcredit lending agencies have been asked to use their surplus and disaster management fund for supplying emergency food and medicine to the flood-affected borrowers and their post-flood rehabilitation purposes.
The MRA asked the microcredit lenders to relax the credit related rules in their borrowers of 17 districts including Kurigram, Nilphamari, Lalmonirhat, Gaibandha, Rangpur, Bogra, Sirajganj, Tangail, Jamalpur, Dhaka, Manikganj, Munshiganj, Faridpur, Rajbari and Sylhet.
-With New Age input
