Bangladesh Bank (BB) has extended the deadline for raw jute exporters to apply for loan rescheduling until June 30, 2026, according to a circular issued today. The move is aimed at providing relief to exporters earning 100 percent of their revenue in foreign currency, who faced difficulties meeting earlier regulatory deadlines, reports BSS.
The directive, issued as BRPD-1 Circular Letter No-06, addresses challenges in the raw jute export sector, where many exporters could not fulfill mandatory down payments and other requirements by the previous December 31, 2025, deadline.
Under the updated rules, exporters must provide a 2 percent down payment based on their total classified (defaulted) loan balance as of December 31, 2025, replacing the earlier reference date of December 31, 2024. This change ensures a more current financial basis for rescheduling.
The facility is exclusively for raw jute exporters classified as 100 percent foreign currency earners. The extended deadline is intended to stabilize a sector that has struggled to meet debt obligations within the original timeframe.
The directive was issued by the Banking Regulation and Policy Department (BRPD) under Section 45 of the Bank Company Act, 1991, and builds on previous guidelines, including BRPD Circular Letter No. 27 (July 7, 2022) and BRPD Circular Letter No. 21 (October 13, 2025). All other instructions from earlier circulars remain unchanged.
The circular has been formally sent to the Managing Directors and Chief Executive Officers of all scheduled banks in Bangladesh and is effective immediately. It was signed by Md. Bayezid Sarker, Director (BRPD).
Bd-pratidin English/ Jisan
