The capital market refinancing scheme supervision committee has sought Tk205 crore from Bangladesh Bank for disbursement among market operators under the revised scheme.
The committee sent a letter to the Bangladesh Bank (BB) after holding a meeting on Tuesday, sources said.
"We have requested the central bank to disburse Tk205 crore, and the central bank hoped that the fund would be released within a couple of days," said a BB official who attended the meeting.
In the meeting, the refinancing scheme supervision committee also approved the market operators' applications, submitted for receiving Tk22 crore from the scheme.
The committee held its first meeting a couple of days after the government extended the tenure of the revised refinancing scheme until December 2027 to help revitalize the capital market.
The representatives of the central bank, the Bangladesh Securities and Exchange Commission (BSEC), and the Investment Corporation of Bangladesh (ICB) attended the meeting, among others.
As per the government's decision, the size of the fund, to be disbursed under the revised scheme, will be Tk1,009 crore.
Following the announcement of disbursing funds under the scheme, the broad index of the Dhaka bourse jumped over 118 points on Monday. The index, however, failed to sustain and lost 50 points on Tuesday.
The government launched the capital market refinancing scheme worth Tk900 crore in 2013 to reduce sufferings of the small investors, affected during the 2010-11 market crash.
Of the Tk900 crore, the state-run ICB received Tk856 crore in three installments - based on the market operators' demand.
The scheme has also realized Tk153 crore of the Tk856 crore, and both the amounts will be gradually dispersed under the revised scheme.
