Those who pay back loans on time will get 11 facilities, including tax rebates. Bangladesh Bank has sent a series of recommendations to the finance ministry to end the culture of default loan and inspire investment.
The central bank says that those who will be deemed sound loan takers will be given financial and ethical incentives.
“We despise those who do not return loans; at the same time, we want to encourage those who return money on time,” said BB spokesperson Sirajul Islam.
To bring banks out of the spectre of default loans, following incentives may be offered: Special privilege in fixing interest on new loans, special tax rebates, preference in giving gas, power and telephone lines in the case of new factories, special reward points in debit or credit cards, special booklet on loan returnees, etc.
Dhaka Bank’s MD, Syed Mahbubur Rahman, says, “We are providing low interest plus other facilities to encourage loan returnees; giving them incentive will bring positive impact for the banking sector.”
Earlier, in 2015, central bank ordered banks to give special interest waivers to those who are regular in returning loans.