Bangladesh Bank has fixed the interest rebate on spices at 4 percent, which will come into effect on July 1.

Currently, state banks provide loans in the spices sector at the rate of 2 percent interest. The target of loan disbursement in the current fiscal year was Tk 96 crore, of which 71 percent has already been disbursed in the first 10 months.

Source: The Daily Star/Bangladesh/Jun, 02, 2011