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DHAKA, April 28 (BSS) - Bangladesh Bank (BB) has issued detailed guidelines 
for the operation of a Taka 5,000 crore pre-shipment credit refinancing 
scheme aimed at enhancing liquidity support for exporters.

The instructions were sent to the managing directors and chief executives of 
all scheduled banks, outlining the operational framework of the facility, 
said a BB press release issued today.

The central bank has earmarked Taka 5,000 crore from the existing Taka 10,000 
crore Export Facilitation Pre-finance Fund (EFPF) to support pre-shipment 
credit. 

The initiative is designed to strengthen export financing and ensure smooth 
working capital flow for export-oriented industries.

To participate in the scheme, banks must sign a formal Participation 
Agreement with the Banking Regulation and Policy Department (BRPD-3) of 
Bangladesh Bank. 

The agreement must follow a prescribed format and be executed on two sets of 
non-judicial stamps worth Taka 300 each.

According to the guidelines, banks seeking refinancing must submit 
applications in the prescribed format addressed to the Director of BRPD-3. 

The application must include required documentation such as branch-wise 
summaries of pre-shipment credit, customer-wise packing credit details, a 
letter of authorization, and a declaration confirming compliance regarding 
overdue export bills.

BB has also introduced a structured monitoring mechanism. Participating banks 
are required to submit quarterly reports on disbursement and recovery of 
loans following the prescribed format. 

These reports must be duly signed by the managing director, CEO, or an 
authorized official and submitted within specified deadlines.

The deadlines are April 15 for the March quarter, July 15 for the June 
quarter, October 15 for the September quarter, and January 15 for the 
December quarter.