Bangladesh Bank (BB) has disbursed Taka 11,959.82 crore under its Taka 60,000 crore stimulus package as of October 15, while another Taka 2,559.97 crore remained under processing, according to the central bank's latest progress report.
The total financial progress under the package, comprising 15 specialised financing schemes, stood at Taka 14,519.79 crore, equivalent to 24.20 percent of the overall allocation.
The package was designed to support industrial recovery, facilitate access to finance for cottage, micro, small and medium enterprises (CMSMEs), promote exports, strengthen agriculture, create employment and encourage green industrial development.
Of the total progress, direct disbursements accounted for Taka 11,959.82 crore, while Taka 2,559.97 crore was under processing through the financing and approval mechanisms.
The scheme-wise performance, however, showed considerable differences, with export pre-shipment credit and cottage and micro-enterprise financing recording substantial disbursements, while several employment, export diversification and rural development schemes registered limited or no progress.
The Pre-shipment Credit Refinance Scheme emerged as the largest contributor to disbursements, with Taka 6,917 crore released against its Taka 5,000 crore target, exceeding the allocation by 38.34 percent.
The Cottage and Micro Sector Entrepreneurs Special Scheme disbursed Taka 2,500 crore against its Taka 5,000 crore target, achieving 50 percent implementation.
The CMSME Working Capital Refinance Fund released Tk 907.73 crore against an allocation of Taka 5,000 crore while the Creative Economy Scheme fully disbursed its Taka 500 crore allocation.
The Overseas Employment Financing Scheme disbursed Taka 200 crore against a target of Taka 1,000 crore.
The Agriculture and Rural Food Security Refinance Scheme, which has an allocation of Taka 10,000 crore, disbursed Taka 292.90 crore representing 2.93 percent of its target.
Similarly, the Agro-based Special Economic Center in North Bengal recorded disbursements of Taka 48.67 crore against its Taka 3,000 crore allocation.
The Start-up Sector Financing Scheme recorded total progress of Taka 37.59 crore, including aka 32.59 crore in disbursements and Taka 5 crore under processing, against an allocation of Taka 500 crore.
Meanwhile, the Closed Industry and Service Sector Assistance Scheme, the largest component of the package with an allocation of Taka 20,000 crore, recorded total progress of Taka 1,490.43 crore. This included Taka 560.93 crore in disbursements and Taka 929.50 crore under processing.
The Unemployed Youth Employment Financing Scheme had Taka 1,000 crore under processing against its Taka 1,000 crore allocation, with no disbursement recorded by October 15.
The Green Factory Building and Green Industries Refinance Scheme had Taka 527.47 crore under processing against its Taka 1,000 crore target, while the Leather Goods and Footwear Export Sector Scheme had Taka 98 crore under processing against its Taka 2,000 crore allocation. Neither scheme had
recorded any disbursement.
Three schemes - the Export Diversification Refinance Scheme, the Rural Economic Activity Dynamics Scheme and the Frozen Shrimp and Other Fish Export Sector Scheme - recorded no disbursements or funds under processing.
Their combined allocation stood at Taka 6,000 crore, including Taka 3,000 crore for export diversification, Taka 1,000 crore for rural economic activities and Taka 2,000 crore for frozen shrimp and other fish exports.
