BB extends time for Tk1,000cr loan facility for cinema hall owners

Bangladesh Bank (BB) has extended the Tk 1,000 crore refinance scheme for cinema hall owners until December 31 this year, allowing them to avail of 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.

/KN/