Bangladesh Bank (BB) has extended the loans disbursement schedule under a refinance scheme to support cinema hall owners.
The Banking Regulations and Policy Department (BRPD) of the central bank in a notification on Sunday extended the schedule to December 31, 2022, from the earlier deadline March 31, 2022.
In February 2021, the BB formed a refinance scheme of Tk1000 crore to support cinema hall owners’ for renovation, technology upgradation and modernization of halls to ensure time befitting atmosphere for audience.
Also read: Cinema hall owners to get Tk 1,000 cr low-interest loans
The BB later amended the notification and extended the limit of loan for an owner of cinema to Tk10 crore, which was Tk 5 crore earlier.
A 100-seat capacity cinema hall owner can avail maximum loan of Tk10 crore with 5 percent interest rate.
Also read: How Covid-19 brought the curtain down on Kushtia's cinema halls
The cinema halls in the divisional cities can avail the loans at 5 percent interest rate while other cities at 4.5 percent interest rate. The repayment period is eight years with 1-year grace period.
The BB has extended the loan deadline due to poor disbursement report for lack of publicity and complexity of different banks’ conditions.