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BB extends time for Tk 1,000cr loan facility for cinema owners


Published : 15 Jan 2024 10:11 PM | Updated : 16 Jan 2024 02:23 PM

Bangladesh Bank (BB) has extended Taka 1,000 crore refinance scheme for cinema hall owners until December 31 this year, allowing them to avail the low-cost fund to renovate existing facilities or set up new ones.

The extension comes as the deadline for securing loans from the scheme, whose  deadline ended in December 2023, as per a BB circular issued on Sunday.

Launched in February 2021, the fund aims to ensure cheaper loans for the  owner of cinema halls, which lost their appeal over the past two and half  decades as audiences shifted to satellite televisions and streaming services.