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2 months to be interest free for borrowers

Bangladesh Bank issues a circular suspending the interest on all types of loans for April and May

Update : 04 May 2020, 12:04 PM

Prime Minister Sheikh Hasina has said the government has decided that two months will be declared as zero interest months for the borrowers. 

The premier made the statement while addressing a videoconference with public representatives and officials of eight districts in Rangpur division on the present Covid-19 situation in the country on Monday morning.

The videoconference was aired live on state and private television channels from the prime minister's official residence Ganabhaban in Dhaka.

Sheikh Hasina said: "We have taken the decision as coronavirus hampered our production in these months. All types of borrower industrialists will get this facility. 

"After this videoconference, I will attend another meeting regarding the issue when more details over the decision will come," she added. 

On Sunday, the Bangladesh Bank issued a circular suspending the interest on all types of loans for the months of April and May to help borrowers overcome the economic hit of Covid-19.

As per the circular, the borrowers will not pay the interest for two months against their loans payable to banks.

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