Bangladesh Bank forms Tk 5000 crore GTF

The Bangladesh Bank (BB) has formed a Tk 5000 crore Green Transformation Fund (GTF) to provide finance for environment-friendly infrastructures in production and export-oriented industries.

Long term loans will be given from this fund. The maximum interest rate will be 5 per cent.

A circular in this regard was issued from the Sustainable Finance Department of Bangladesh Bank on Wednesday (December 7).

Director of SFD Department Md Rajab Ali, who signed the circular, said Green Transformation Fund (GTF) has been formed to promote sustainable growth in export and manufacturing- oriented industries with a view to establishing a green economy. Eligible customers from this fund will be provided refinancing facility against bank financing after payment of import price of equipment and machineries.

Loan facilities include water efficiency in irrigation, water conservation and management, waste management, resource efficiency and recycling, renewable energy, energy efficiency, heat and temperature management, ventilation and wind flow efficiency, working environment improvement initiatives and other areas.