The Financial Express

BB extends EDF's enhanced credit limit until June

| Updated: January 29, 2021 12:38:17

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BB extends EDF's enhanced credit limit until June

The central bank has extended the enhanced credit limit under its Export Development Fund (EDF) scheme for the textiles and clothing exporters by six more months to help boost proceeds from overseas sales.

The members of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and the Bangladesh Textile Mills Association (BTMA) are eligible to enjoy the enhanced loan ceiling until June 30 of this year instead of December 31 of last year, according to a notification, issued by the Bangladesh Bank (BB), on Wednesday.

“Given the ongoing situation due to COVID-19, it has been decided to continue the enhanced limit of $30.00 million, for disbursements until June 30, 2021, to member mills of BGMEA and BTMA,” the central bank said in the notification.

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