Dhaka, Bangladesh (BBN) – IIDFC Limited, a non-bank financial institution, is encouraging the owners of the industrial unit to reduce the emission of carbon at the Banking Fair Bangladesh-2015.

The NBFI will provide donation to the units which will be able to reduce the release of carbon by taking fund from the World Bank and Asian Development Bank.

The initiative will help to build an environment-friendly industrial sector in the country, Md Razzakul Haque, a senior officer of IIDFC, told the BBN during the ongoing fair.

The Industrial and Infrastructure Development Finance Co (IIDFC) Ltd is working to highlight a credit product namely “Project Financing” where it will disburse term loan for the new projects in a bid to make vibrant the country’s industrial sector.

The NBFI will disburse a large amount of loan to the clients considering their volume of the projects with an interest rate of 12 per cent to 14 per cent.

The repayment tenure of the loan is 5-years.

The NBFI is also working to disburse large loan to the industrial sector under the syndicate financing.

Under the financing, the IIDFC attaches other banks and NBFIs to disburse loan at a single project if the amount of loan is highly large.

Bangladesh Bank Governor Dr Atiur Rahman inaugurated the fair on Bangla Academy premises in Dhaka on Tuesday aiming to build a banking nation through boosting the ongoing financial inclusion campaign in Bangladesh.

The five-day long banking fair will be wrapped up this evening with a closing ceremony.

BBN/SS/ANS