BB targets mass solar power

BB targets mass solar power
Star Business Report

Bangladesh Bank (BB) has directed commercial banks to provide loans for installing solar panels in residential, commercial and industrial buildings.

The BB sent a circular to the banks yesterday, asking them to come up with a scheme under which borrowers will get such loans at a 10 percent interest rate. The central bank said the banks can fix as high as 10 years as deadline for repayment.


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