Bangladesh Bank is forming a Tk 1,000 crore fund to provide cheap loans to export-oriented industries to upgrade technologies they currently use. The eligible industries are of 32 types, all falling under top-priority and special development sectors.

Basic Features of Technology Development Fund

Refinancing Scheme: Technology Development Fund/Upgradation (TDF).
Fund Size: BDT 1000.00 crore

Bangladesh Bank (BB) has formed a Tk10 billion refinancing scheme to provide low-cost loans to the export-oriented industries for upgrading technologies.

Purpose of the scheme: For strengthening the capacity and increasing the sustainability and competitiveness of the units,

  • Loan Tenure: 5-10 years
  • Grace Period: Not more than one year.
  • Debt-Equity Ratio: 70: 30
  • Interest rate
    a. 5.00% on the loans having the tenure below five years
    b. 5.50% from five years to below eight years
    c. 6.00% from eight years to 10 years.

Entitled Organizations:
32 types of industries and 11 types of operations including readymade garment factories, pharmaceuticals, software and IT-enabled services, jute goods and, footwear and leather goods.

Industry Nature: Must be export-oriented industries.