The Bangladesh Bank on Monday lowered the general provision against standard loan and lease disbursed by non-bank financial institutions to small and medium enterprises.
The BB issued a circular to managing directors of the NBFIs saying that from now on the general provision against loan and lease for the SMEs down to 0.25 per cent from 1.0 per cent.
The central bank circular said that the provision against standard loan was decreased in a bid to encourage the small, medium and woman entrepreneurs.
-With New Age input
