Regarding transfer of jute sector outstanding loans to block account

BRPD Circular Letter No. 44
The govt’s decision to allow the transfer of outstanding loans in the jute industry sector as a block, in response to a request from the Ministry of Textiles and Jute and the Bangladesh Jute Mills Association. Banks should evaluate each case based on the banker-customer relationship, providing a one-year moratorium and a ten-year repayment option, with a minimum down payment of 1.5% of the loan balance required.