Credit flow rises to green projects
01 April 2015, Nirapad News: Major focus of the country’s banking sector is now the green and eco-friendly projects with increasing credit flow, according to Bangladesh Bank (BB).
The latest data of the BB’s Green Banking and CSR Department showed that the banks in 2014 disbursed Taka 45 thousand 53 crore to finance various projects those have direct or indirect link to green initiatives.
Of the amount, Taka 3 thousand 623 crore were disbursed to finance absolute green projects when the rest Taka 41 thousand 429 crore landed to finance the eco-friendly projects.
The central bank attributed the increased credit flow to the green and eco-friendly projects to its prudent policy support. “BB made simple the policy guidelines for utilizing the refinancing scheme for green and eco-friendly projects”, told BB’s spokesperson and executive director M Mahfuzur Rahman.
He said the central bank strongly suggested banks increase their lending to green and eco-friendly projects.
“We are also constantly monitoring the banks’ credit flow to eco-friendly and green projects”, the BB official said.
BB earlier launched refinancing scheme of Taka 200 crore from its own source to finance green projects. Besides, the central bank in association with the Asian Development Bank (ADB) also introduced another refinancing scheme of Taka 400 crore for funding eco-friendly brick kilns.
The major green and eco-friendly projects include effluent treatment plant (ETP), renewable energy, solar power and waste management.