1

ParticipationAgreementbetweenBangladeshBankand

ThisAgreementissignedontheday..of.2013

BETWEEN

TheBangladeshBankestablishedbytheBangladeshBankOrder,1972(P.O.No.127of1972),having
itsheadofficeatMotijheelCommercialArea,Dhaka(hereinaftercalledBB).

And

.duly established under Companies Act of 1913/1994 and carrying on its business under BB's license
No dated................. having its head office at................., Dhaka (hereinafter called the Participating
Bank/FinancialInstitution).

Preamble

Whereas,(A)BBhasintroducedaRefinanceSchemeforRenewableEnergy&EnvironmentFriendly
Financeable Sector (hereinafter called the Refinance Scheme) with a fund of Taka two hundred crore to
supportSolarEnergy,Biogas,EffluentTreatmentPlant,SubstitutionofConventionalLimeKilnbyEnergy
Efficient Kiln, Vermicompost, Hydropower (Pico, Micro & Mini), PET Bottle Recycling Plant, Solar Battery
Recycling Plant, Bulb manufacturing Plant with LED Technology, Setting up of Hybrid Hoffman
Kiln(HHK)/Tunnel Kiln/equivalent technology in the Brick manufacturing Industry with a view to reducing
suspended particulate matter & carbon emission. Way of providing refinance facilities to Banks/Financial
Institutions for lending in above mentioned sectors on terms and conditions set forth in BB's GBCSRD
CircularNo.02,datedJuly01,2013;

(B) It is required to enter into a participation agreement between BB and the lending
Banks/FinancialInstitutionsinterestedtoavailoftherefinancefacilitiesfromBBsRefinanceSchemeand

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(C) Whereas the Participating Banks/Financial Institutions is willing to avail of the refinance facility
from the above mentioned Refinance Scheme on terms and conditions set forth in BB's GBCSRD Circular
No.02,datedJuly01,2013;

Now,therefore,thepartiesheretoherebyagreeasfollows:
Article1

Definition:

Section:1.
Unless the context otherwise requires the several terms used to the preamble, to this Agreement
have the respective meaning therein set forth and the following additional terms have the following
meanings:
(a) 'GBCSRD'meansGreenBanking&CSRDepartment.
(b) 'ACSPD'meansAgriculturalCredit&SpecialProgrammesDepartmentofBangladeshBank.
(c) 'SMEPD'meansSmall,MediumEnterprises&SpecialProgrammesDepartmentofBangladeshBank.
(d) 'ACD'meansAgriculturalCreditDepartmentofBangladeshBank.
(e) 'BB'meansBangladeshBank.
(f) 'Bank'meansanyScheduleBankoperatinginBangladeshhavinglicencefromBangladeshBank.
(g) 'Financial Institution' means any Financial Institution operating in Bangladesh having licence from
BangladeshBank.
(h) 'PFI'meansParticipatingFinancialInstitution.
(i) 'Beneficiary' means any person/institution to whom the participating Financial Institution(PFI) has
providedorwillprovideloanundertheRefinanceScheme.

ArticleII
ObjectivesSectorandTargetGroup

Section:1

The Participating Financial Institution(PFI) declares its commitments to the objectives of the
RefinanceSchemeintroducedbyBBthroughGBCSRDCircularNo.02datedJulyo1,2013andtothisend,
carries out its Refinance Scheme for Renewable Energy & Environment Friendly Financeable sectors
lending programme with due diligence and efficiency and in conformity with appropriate administrative,
financialandbankingpractices.

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Section:2
Refinancefacilityunderthisschemeshallbeapplicabletothefollowingsectors
1. SolarEnergy
I. SolarHomeSystem
II. SolarMiniGrid
III. SolarIrrigationPumpingSystem
IV. SolarPVAssemblyPlant
2. BiogasPlant
I. SettingupofBiogasPlantinexistingcattle/poultryFarm.
II. IntegratedCowRearingandSettingupofBiogasPlant.
III. OrganicManurefromSlurry.
IV. MidRangeBiogasPlant.

3. EffluentTreatmentPlant
4. SubstitutionofConventionalLimeKilnbyEnergyEfficientKiln,
5. Vermicompost,
6. Hydropower(Pico,Micro&Mini),
7. PETBottleRecyclingPlant,
8. SolarBatteryRecyclingPlant,
9. LEDBulbmanufacturingPlant,
10. Setting up of Hybrid Hoffman Kiln(HHK)/Tunnel Kiln/equivalent technology in Brick
manufacturingIndustry

Section:3
1. SolarEnergy:
This refinance facility shall be applicable both for the Urban and Rural areas for households,
apartments,businessinstitution,cooperativesocietywithaviewtoproduceelectricitybyusing
SolarEnergyforpersonalorbusinesspurposesunderthisScheme.

RefinanceconditionsforSolarEnergyunderthisSchemearestatedbelow:
1.1 SolarHomeSystem(UrbanandRuralboth):
a. Solarpanelcapacity:Minimum10w
e
toMaximum520w
p.

b. LoanLimit:MinimumTk.10,000.00(TenThousands)andMaximumTk.1,75,000.00(OneLac
SeventyFiveThousands).
c. Eligibilityoftheborrower:SingleorcombinedFamily/Institution/cooperativeSociety.
d. Debt:Equity:WillbeDeterminedbytheBankerCustomerrelationship.
e. Interestrateattheborrowerlevel:
i. Ifitisdirectlyfinancedbythebanks/FIs,atthebeneficiarylevel,therateofinterestwill
be9%[prevailingbankrate(currently5%)+highest4%].

ii. If MFI (MRA Registered) Linkage is used by the banks/FIs through credit wholesaling,
therateofinterestontheloanatbeneficiarylevelwillbe12%[prevailingbankrate(currently5%)+highest
7%].
iii. If any intermediary agent is used by the Banks/FIs to select borrower, Preparation of
loanproposal,Evaluation,Monitoring,Recoverytodisburseloanatthebeneficiaryleveltherateofinterest
willbe12%[prevailingbankrate(currently5%)+highest7%].

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f. Interestcalculationandrepaymentperiodforthebeneficiary:
i. The loan with interest will be repayable within 4(Four) years from the date of first
disbursement.
ii.Theloaninstallmentwillberecoveredmonthly/Quarterlybasisatthebeneficiarylevel.
iii.Theinterestwillbecalculatedonreducingbalancemethod.

g. Loanrepaymentfortherefinancedamount:
i.Therefinancedamountwillberecoverablewithin4(Four)yearsfromthedateofRefinance.

1.2 SolarMinigrid:
a. Solarpanelcapacity:Minimum25KW
p
toMaximum50KW
p.

b. LoanLimit:MaximumTk.1,50,00,000.00(OneCroreFiftyLac).
c. Eligibilityoftheborrower:cooperativeSociety/SingleorCombinedFamily/Institution.
d. Debt:Equity:WillbeDeterminedbytheBankerCustomerrelationship.
e. Interestrateattheborrowerlevel:
i. Ifitisdirectlyfinancedbythebanks/FIs,atthebeneficiarylevel,therateofinterestwill
be9%[prevailingbankrate(currently5%)+highest4%].

ii. If MFI (MRA Registered) Linkage is used by the banks/FIs through credit wholesaling,
therateofinterestontheloanatbeneficiarylevelwillbe11%[prevailingbankrate(currently5%)+highest
6%].
iii. If any intermediary agent is used by the Banks/FIs to select borrower, Preparation of
loanproposal,Evaluation,Monitoring,Recoverytodisburseloanatthebeneficiaryleveltherateofinterest
willbe11%[prevailingbankrate(currently5%)+highest6%].

f. Interestcalculationandrepaymentperiodforthebeneficiary:
i.Theloanwithinterestwillberepayablewithin5(Five)yearswith6(Six)monthgraceperiod
fromthedateoffirstdisbursement.
ii.Theloaninstallmentwillberecoveredmonthly/Quarterlybasisatthebeneficiarylevel.
iii.Theinterestwillbecalculatedonreducingbalancemethod.

g. Loanrepaymentfortherefinancedamount:
i. The refinanced amount will be recoverable within 5(Five) years with 6(Six) month grace
periodfromthedateofRefinance.

1.3 SolarIrrigationPumpingSystem:
a.SolarPumpCapacity:5to6LacLitterwaterdaily.
b.Solarpanelcapacity:Minimum6KW
p
toMaximum12KW
p.
foreachpump.
c. LoanLimit:MaximumTk.35,00,000.00(ThirtyFiveLac).
d. Loan area: Solar panel, Submersible pump, Inverter/Controller, Switching System, Drainage
Systemetcwillbeconsiderunderrefinancescheme.
e. Eligibilityoftheborrower:cooperativeSocietyorequivalentregisteredInstitution.
f. Debt:Equity:WillbeDeterminedbytheBankerCustomerrelationship.
g. Interestrateattheborrowerlevel:
i. If it is directly financed by the banks/FIs, at the cooperative Society or equivalent
registered Institutions level the rate of interest will be 9% [prevailing bank rate
(currently5%)+highest4%].

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ii.IfMFI(MRARegistered)Linkageisusedbythebanks/FIsthroughcreditwholesalingat
the cooperative Society or equivalent registered Institutions level, the rate of interest on the loan at
beneficiarylevelwillbe11%[prevailingbankrate(currently5%)+highest6%].

iii.Ifanyintermediary/agentisusedbytheBanks/FIstoselectborrower,Prepareofloan
proposal,Evaluation,Monitoring,Recoverytodisburseloanatthebeneficiaryleveltherateofinterestwill
be11%[prevailingbankrate(currently5%)+highest6%].

h. Interestcalculationandrepaymentperiodforthebeneficiary:
i. The loan with interest will be repayable within 10(Ten) years with 6(Six) month grace
periodfromthedateoffirstdisbursement.
ii. The loan installment will be recovered monthly/Quarterly/half yearly basis at the
beneficiarylevel.
iii.Theinterestwillbecalculatedonreducingbalancemethod.

i. Loanrepaymentfortherefinancedamount:
i. The refinanced amount will be recoverable within 10(Ten) years with 6(Six) month grace
periodfromthedateofRefinance.

1.4 SolarPVAssemblyPlant:
aLoanLimit:MaximumTk.6,00,00,000.00(SixCrore).
b. Interest rate at the borrower level: The rate of interest will be 8% [prevailing bank rate
(currently5%)+highest3%].
c. Interestcalculationandrepaymentperiodforthebeneficiary:
i.Theloanwithinterestwillberepayablewithin5(Five)yearswith6(Six)monthgraceperiod
fromthedateoffirstdisbursement.
ii.Theloaninstallmentwillberecoveredmonthly/Quarterlybasisatthebeneficiarylevel.
iii.Theinterestwillbecalculatedonreducingbalancemethod.
d.Loanrepaymentfortherefinancedamount:
i. The refinanced amount will be recoverable within 5(Five) years with 6(Six) month grace
periodfromthedateofRefinance.
e. Debt:Equity:WillbeDeterminedbytheBankerCustomerrelationship.
f. Eligibilityoftheborrower:cooperativeSociety/SingleorCombinedFamily/Institution.

2. BiogasPlant:
AnyruralorurbanareawillbeeligibleforsettingupofBiogasPlantandwillbeconsiderunder
refinancescheme:

2.1 SettingupofBiogasPlantinexistingcattle/poultryFarm:
a. VolumeoftheBioDigester:Minimum1.2CubicmetertoMaximum4.8Cubicmeter.
b. LoanLimit:Minimum25,000.00(TwentyFiveThousands)toMaximum50,000.00(Fifty
Thousands).
c. Eligibilityoftheborrower:SingleorCombinedFamily/Institution.
d. Debt:Equity:WillbeDeterminedbytheBankerCustomerrelationship.

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2.2 IntegratedcowsrearingandsettingupofBiogasPlant:
a.VolumeoftheBioDigester:Minimum1.2CubicmetertoMaximum4.8Cubicmeter.
b.LoanLimit:Maximum4,50,000.00(FourLacFiftyThousands).
c.Eligibilityoftheborrower:SingleorCombinedFamily/Institution.
d.Debt:Equity:WillbeDeterminedbytheBankerCustomerrelationship.

2.3ProductionofOrganicmanurefromslurry:
a. LoanLimit:Maximum2,00,000/00(TwoLaconly).
b. Eligibilityoftheborrower:SingleorCombinedFamily/Institution.
c. Debt:Equity:WillbeDeterminedbytheBankerCustomerrelationship.

2.4 MidrangeBiogasPlantwithgenerationcapacityofelectricity:
a. LoanLimit:MaximumTk.25,00,000.00(TwentyFiveLacs)foreachproject.
b. Eligibilityoftheborrower:SingleorCombinedFamily/Institution.
c. Volumeofthebiodigester:Maximum110Cubicmeter.
d. Loan area: Civil work of the Biodigester, DeSulpharization & Demoisturization
machine, Thermal control of Biodigester, production of Biofertilizer & Biogas
generatorwillbeconsiderforrefinance.
e. Debt:Equity:WillbeDeterminedbytheBankerCustomerrelationship
f. Loan tenure: The loan with interest will be repayable within 5(Five) years with 6(Six)
monthgraceperiodfromthedateoffirstdisbursement.
2.5 TheotherconditionofBiogassector(exceptloantenure&recoveryofmidrangeBiogas
plant):
a.Interestrateattheborrowerlevel:
i. If it is directly financed by the banks/FIs, at the beneficiary level, the rate of
interestwillbe9%[prevailingbankrate(currently5%)+highest4%].

ii. If MFI (MRA Registered) Linkage is used by the banks/FIs through credit
wholesaling, the rate of interest on the loan at beneficiary level will be 11%[prevailing bank rate
(currently5%)+highest6%].
iii. If any intermediary/agent is used by the Banks/FIs to select borrower
Preparation of loan proposal, Evaluation, Monitoring, Recovery to disburse loan at the beneficiary
leveltherateofinterestwillbe11%[prevailingbankrate(currently5%)+highest6%].

b.Interestcalculationandrepaymentperiodforthebeneficiary:
i. The loan with interest will be repayable within 4(Four) years with 3(Three) month grace
periodfromthedateoffirstdisbursement.
ii.Theloaninstallmentwillberecoveredmonthly/Quarterlybasisatthebeneficiarylevel.
iii.Theinterestwillbecalculatedonreducingbalancemethod.

c.Loanrepaymentfortherefinancedamount:
Therefinancedamountwillberecoverablewithin4(Four)yearswith3(Three)monthgrace
periodfromthedateofRefinance.

3. EffluentTreatmentPlant(ETP):
UnderEnvironmentalpreservationAct1997onlythoseindustrieswillbeeligibleforrefinanceof
BBfundwhereestablishmentofETPiscompulsory.

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a. Productioncapacityofthefactory:Minimum5tontomaximum20tonperday.
b. TreatmentcapacityofETP:Minimum500Cubicmetertomaximum2500Cubicmeter
perday.
c. LoanLimit:
BiologicalETP
MaximumTk.4,00,00,000/00(FourCrore)only
CombinationofBiological&
ChemicalETP
MaximumTk.2,00,00,000/00(Twocrore)only
ConversionofChemicalETPto
abovementionedtwotype,
MaximumTk.1,00,00,000/00(OneCrore)only
d. Eligibility of the borrower: Under Environmental preservation Act1997 only those
industries will be eligible for refinance of BB fund where establishment of ETP is
compulsory.
e. Debt:Equity:WillbeDeterminedbytheBankerCustomerrelationship.
f. Interest rate at the borrower level: The rate of interest will be 9% [prevailing bank
rate(currently5%)+highest4%].

g. Interestcalculationandrepaymentperiodforthebeneficiary:
i. The loan with interest will be repayable within maximum 5(Five) years with 6(Six) month
graceperiodfromthedateoffirstdisbursement.

h. Loanrepaymentfortherefinancedamount:
i.Therefinancedamountwillberecoverablewithinmaximum5(Five)yearswith6(Six)month
graceperiodfromthedateofRefinance.

i. Work Completion: PFI will confirm the establishment of ETP after receiving the first
installmentofLoan.
j. LoanArea:ActualestablishmentcostofETP(expensesofinfrastructure&Spareparts
purchase) will be consider under refinance but Probable expenditures regarding
consultancy,repairingandcurrentcapitalwillnotcomeunderrefinancescheme.
4. Vermicompostproduction:
With a view to increase crop production & enhance the Soil fertility Banks are requested to
financeatthecommercialproductionofVermicompostthatwillgounderRefinance:
a. LoanLimit&areaofLoan:
i. Production of Vermicompost with purchase of Two Cow; Maximum:
Tk.2,90,000/00(TwoLacNinetythousands)
ii. Production of Vermicompost without purchase of Cow; Maximum:
Tk.90,000/00(Ninetythousands)

b. Interest rate at the borrower level: The rate of interest will be 9% [prevailing bank rate
(currently5%)+highest4%].

c.Interestcalculationandrepaymentperiodforthebeneficiary:
i. The loan with interest will be repayable within maximum 4(Four) years with
3(Three)monthgraceperiodfromthedateoffirstdisbursement.

ii. The loan installment will be recovered monthly/Quarterly basis at the

beneficiarylevel.

iii.Theinterestwillbecalculatedonreducingbalancemethod.
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d. Loanrepaymentfortherefinancedamount:
i. The refinanced amount will be recoverable within maximum 4(Four) years
with3(Three)monthgraceperiodfromthedateofRefinance.
e. Debt:Equity:WillbedeterminedbytheBankerCustomerrelationship.

5. HydroPowerPlant(Pico,Micro&Mini):
The Banks finance for establishing HydroPower Plant specially Chittagong & Sylhet
DivisionoranysuitableareaofBangladeshwillgounderRefinance:
a. LoanLimit:MaximumTK.50,00,000.00(FiftyLac)onthebasisofthecapacityofthe
Plant.
b. Interest rate at the borrower level: The rate of interest will be 9% [prevailing bank
rate(currently5%)+highest4%].

c. Interestcalculationandrepaymentperiodforthebeneficiary:
i. The loan with interestwill berepayable within maximum5(Five)years
with6(Six)monthgraceperiodfromthedateoffirstdisbursement.
ii. The loan installment will be recovered monthly/Quarterly basis at the
beneficiarylevel.

iii.Theinterestwillbecalculatedonreducingbalancemethod.

d. Loanrepaymentfortherefinancedamount:
i. The refinanced amount will be recoverable within maximum 5(Five) years with
6(Six)monthgraceperiodfromthedateofRefinance.

e. Debt:Equity:WillbeDeterminedbytheBankerCustomerrelationship.

6. SubstitutionofConventionalLimeKilnbyEnergyEfficientKiln:
a. LoanLimit:MaximumTK.35,00,000.00(ThirtyFiveLac)onthebasisofthecapacityof
theKiln.
b. Interest rate at the borrower level: The rate of interest will be 9% [prevailing bank
rate(currently5%)+highest4%].

c. Interestcalculationandrepaymentperiodforthebeneficiary:
i. The loan with interestwill berepayable within maximum5(Five)years
with6(Six)monthgraceperiodfromthedateoffirstdisbursement.
ii. The loan installment will be recovered monthly/Quarterly basis at the
beneficiarylevel.

iii.Theinterestwillbecalculatedonreducingbalancemethod.

d. Loanrepaymentfortherefinancedamount:
i. The refinanced amount will be recoverable within maximum 5(Five) years with
6(Six)monthgraceperiodfromthedateofRefinance.

e. Debt:Equity:WillbeDeterminedbytheBankerCustomerrelationship.

7. PETBottleRecyclingPlant,SolarBatteryRecyclingPlant,LEDBulbmanufacturingPlant.
a. MaximumloanLimitStatedbelow:

PETBottleRecyclingPlant MaximumTk.5,00,00,000.00(FiveCrore)
SolarBatteryRecyclingPlant MaximumTk.1,00,00,000.00(OneCrore)
LEDBulbmanufacturingPlant MaximumTk.5,00,00,000.00(FiveCrore)

b. Interestrateattheborrowerlevel:Therateofinterestwillbe9%[prevailingbank
rate(currently5%)+highest4%].

c. Interestcalculationandrepaymentperiodforthebeneficiary:
i. The loan with interestwill berepayable within maximum5(Five)years
with6(Six)monthgraceperiodfromthedateoffirstdisbursement.
ii. The loan installment will be recovered monthly/Quarterly basis at the
beneficiarylevel.

iii.Theinterestwillbecalculatedonreducingbalancemethod.

d.Loanrepaymentfortherefinancedamount:
i. The refinanced amount will be recoverable within maximum 5(Five) years with
6(Six)monthgraceperiodfromthedateofRefinance.

e.Debt:Equity:WillbeDeterminedbytheBankerCustomerrelationship.

8. Setting up of Hybrid Hoffman Kiln (HHK)/Tunnel Kiln/equivalent technology in Brick

manufacturingIndustry:
a. PlantCapacity:ForsingleKilnBrickmanufacturingplanttheproductioncapacityshouldbe
15 million brick's/Year & For double Kiln the production capacity should be 30 million
brick's/year.
b. LoanLimit:
i.MaximumTk.5,00,00,000.00(FiveCrore)FornewProject.
ii. Maximum TK.50,00,000.00 (Fifty Lac) for the conversion of Conventional FCK (Fixed
ChimneyKiln)toZigZag/VSBKTechnology.
c. Eligibilityoftheborrowertoavailofthisfacility:
i. HybridHoffmanKiln(HHK)/EquivalentTechnologicalPlantshouldbeestablishedin
Brickmanufacturingplant.
ii. For the conversion of Conventional FCK (Fixed Chimney Kiln) to ZigZag/VSBK
Technologythisfacilitywillbeeligible.
d. Debt:Equity:Willbedeterminedonthebasisofbankercustomerrelationship.
e. Interest rate at the borrower level: The rate of interest will be 9% [prevailing bank rate
(currently5%)+highest4%].
f. Interestcalculationandrepaymentperiodforthebeneficiary:
The loan with interest will be repayable within maximum 5(Five) years with
9(Nine)monthgraceperiodfromthedateoffirstdisbursement.

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g. Loanrepaymentfortherefinancedamount:
The refinanced amount will be recoverable within maximum 5(Five) years
with9(Nine)monthgraceperiodfromthedateofRefinance.

h. Workcompletion:
TheestablishmentofPlantshouldbecompletedwithin9(Nine)monthsfrom
thedateoffinancebythePFIsend.

i. LoanArea:
ThePFIsmayclaimfortherefinancefacilityagainstrealcostofsettingup
of Brick manufacturing plant using Hybrid Hoffman Kiln(HHK) / Equivalent Technology
(expensesof infrastructure, & Spare parts purchase) on entirely at atime. Probable
expenditures regarding consultancy, repairing and current capital will not come
underrefinancescheme.
Section:4
Interestcalculationandrepaymentperiodforthebeneficiary:
i) The total loan with interest will be repayable by the borrower within the stipulated period as per
abovementionedtermsandconditions.Iftheborrowerfailstorepaythetotalloanaspertherepayment
schedule,PFIshallchargetheinterestrateontheoutstandingdebtaccordingtoitsownpolicies.
ii)Nohiddencostwillbechargedininterestcalculation.
iii)Noservicechargewillbeapplicableattheborrowerend.
Section:5
EligibilitytoavailofthisRefinancefacility&Applicationprocedures:
i. The PFIs will sign a participation agreement with the General Manager, Green Banking & CSR
DepartmentofBangladeshBank,HeadOffice,DhakaunderthisScheme.Accordingtothisagreement,
repaymentofloanwithinterestshouldbeascertainedfurnishingaDemandPromissoryNote(DPNote).
ii. Project Loan more than 4 years & above the PFIs will submit refinance claim within 30 days after
completion of the project against their disbursed amount. The banks will provide necessary
statement/informationincludingsanctionedlettersduringthetimeofapplicationforrefinance.
iii. Project Loan Less than 4 years the PFIs will claim for the refinance quarterly against their disbursed
amountinaprescribedformofBB.ThePFIshallapplywithin15daysaftertheendofeachquarter.The
banks will provide necessary statement/information including sanctioned letters during the time of
applicationforrefinance.
iv. The participating Financial Institution will get 100% refinance facility against their disbursed loan
amountinspecificsectorunderthisScheme.Therefinancefacilitywillbeavailableonfirstcomefirst
servebasis.

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Section:6
ProperutilizationofLoans&providinginformation:
i. The Participating Financial Institution will provide/furnish statement/information regarding the end
useoftherefinancefacilitiestoBBintheformandmannerasaskedforbyBB.
ii. IncasetheParticipatingFinancialInstitutionisfoundtohavereceivedrefinanceundertheSchemeon
thebasisofsuchstatementandinformationwhichmaysubsequentlyprovetobefalseorincorrect,BB
shall have the right to impose and recover penalty at the rate of 5% above the bank rate on the
refinancedamountaswellastorecalltheloanwithinterestbywayofdebitingthecurrentaccountof
theconcernedPFI.
iii. Bangladesh Bank may time to time conduct onsite inspection to supervise the Proper utilization of
refinanced amount. At the time of inspection if it is proved that the disbursed loan is not utilized
properly,thentherefinancedamountwillberecoveredwithinterestattherateof5%abovethebank
rateatatimefromtheparticipating/respectiveFinancialInstitution.
Section:7
Recovery:
i. BBshallchargeinterestontherefinancedloanattheprevailingBankrate.
ii. Loanwithinterestrepayablefromthedateofdisbursementinquarterlyinstallmentsasperrepayment
schedule.
iii. LoanwithinterestwillbedeductfromthecurrentaccountofPFIsmaintainingwithBBfromthedateof
disbursementinquarterlyinstallmentsasperrepaymentschedule.
iv. If any borrower adjust the loan before loan tenure the refinance facility on the PFIs end will be the
same tenure as borrower. In such case the PFIs instantly inform BB about loan adjustment with
borrowersLoanaccountstatement.Noservicechargewillbeapplicableattheborrowerlevelforsuch
typeofloanadjustment.
Section:8

Specialcondition:
i. Selection of borrower, loan sanction, disbursement, documentation, determination of debtequity
ratio,monitoringoftheproperutilizationofloanwillbedecidedonthebasisofthePFIsownrules
andregulationsandtheBank/FinancialInstitutioncustomerrelationship.

ii. ThetotalresponsibilityoftherecoveryofthedisbursedloanwillbevestedinthePFIsend.Thedue
amountofBBwillnotberelatedtotherecoveryofloanfromtheborrowerlevel.

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iii. The refinance facility given under the scheme will be continue of the availability of the Fund until
furtherinstruction.

iv. BB has the right to change any terms and conditions of the scheme or any addition, deletion or
amendmentregardingthefund.

Witness:

.
Forandonbehalfof
BangladeshBank

(GeneralManager)

Witness:
..
...
GreenBankingandCSRDepartment

Witness:

...Forandonbehalfof
ParticipatingBank/FinancialInstitution

ManagingDirector
Witness:

...