Cinema owners to get loans at 5% interest under refinancing scheme | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Friday
July 11, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
FRIDAY, JULY 11, 2025
Cinema owners to get loans at 5% interest under refinancing scheme

Banking

TBS Report
14 February, 2021, 09:45 pm
Last modified: 14 February, 2021, 09:55 pm

Related News

  • BB raises startup fund limit, drops upper age barrier
  • Foreign currency in offshore banking units now eligible as collateral for taka loans
  • Bangladesh passes IMF test, gets $1.3b lifeline
  • Brokerages allowed to retain 75% of investors' deposit interest
  • Imam-Muazzins to get profitless small loans

Cinema owners to get loans at 5% interest under refinancing scheme

A cinema owner in metropolitan areas can borrow a maximum of Tk5 crore at 5% interest while those outside metropolitan peripheries 4.5% interest

TBS Report
14 February, 2021, 09:45 pm
Last modified: 14 February, 2021, 09:55 pm
File Photo: Mumit M
File Photo: Mumit M

The cinema owners will now get loan at 5% interest from the refinancing fund of Tk1,000 crore the Bangladesh Bank has set up to take the country's film industry forward.

Under the fund, a loan of Tk500 crore will be provided in the first phase. If the loan is disbursed and recovered properly, the remaining Tk500 crore will be given in the next phase.

The Banking Regulation and Policy Department of the Bangladesh Bank issued a circular in this regard on Sunday.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

According to the circular, a cinema owner in metropolitan areas can borrow a maximum of Tk5 crore at 5% interest while those outside metropolitan peripheries at 4.5% interest.

The movie theatre owners have to apply to bank to get the loan. The deadline for applications is 31 March 2022.

The total time available for loan repayment is eight years with a grace period of one year. 

If any owner uses the loan for a different purpose, an additional 2% interest will be imposed. The debt cannot be used as working capital, according to the circular.

The loan can only be used for construction of new cinema, renovation of old one and import of related equipment, machinery and technology for cinemas.

In addition, the shopping complexes that house cinemas will also get loan from this fund.

The circular said the role of pure entertainment in building a healthy nation is undeniable. 

In the nineties, there were about 1,400 cinemas in this country, but due to various obstacles, the number is gradually decreasing.

The existing move theatres need to be renovated while new ones constructed with modern standard in order to provide healthy entertainment to the cinema-loving people across the country.

In this case, if long-term loans are provided to the cinema owners at low interest rates, they will be able to turn around, said the circular.

The fund was approved at the board of directors meeting of the Bangladesh Bank on 26 January. 

Earlier, Prime Minister Sheikh Hasina announced the formation of the fund for the cinemas by virtually joining the ceremony of National Film Awards in the outgoing year of 2020.

At a meeting of the Executive Committee of the National Economic Council in last August, the premier issued a directive to form a special fund.

In addition to the loan facility, the cinema owners have been demanding reduction in tariffs on the imports of good film-making and movie-related machinery.

Economy / Top News

Cinema owners / loans / interest

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • How tender rules and a lone bidder stall a $2.5b power plant
    How tender rules and a lone bidder stall a $2.5b power plant
  • Sketch: TBS
    No peace through concession — only struggle secures tomorrow
  • Bangladesh and US hold tariff talks for second day on 9July 2025. Photo: CA Press Wing
    35% tariff: Bangladesh, US 'reach general consensus on some issues' on second day of talks; final round today

MOST VIEWED

  • Photo: Mohammad Minhaj Uddin/TBS
    SSC, equivalent results: Pass rate drops to 68.45%, GPA-5 also declines
  • In terms of stream of education, girls maintained their excellence as well. Photo: TBS
    SSC 2025: Girls dominate boys by over 5%
  • Govt vehicle purchase, foreign trip, new building construction banned: Finance ministry
    Govt vehicle purchase, foreign trip, new building construction banned: Finance ministry
  • Students sit for SSC exam at Motijheel Girls' High School on 10 April 2025. Photo: Mehedi Hasan/TBS
    SSC exam results out: Here's how you can check online and via SMS
  • The overall pass rate across all boards this year, 68.45%, is significantly lower than last year's. Photo: Focus Bangla
    SSC 2025: Rajshahi board records highest pass rate, Barishal lowest
  • Representational image. Photo: Collected
    35% tariff: Bangladesh, US 'agree on most issues' as first day of talks ends

Related News

  • BB raises startup fund limit, drops upper age barrier
  • Foreign currency in offshore banking units now eligible as collateral for taka loans
  • Bangladesh passes IMF test, gets $1.3b lifeline
  • Brokerages allowed to retain 75% of investors' deposit interest
  • Imam-Muazzins to get profitless small loans

Features

Photo: Collected/BBC

What Hitler’s tariff policy misfire can teach the modern world

19h | The Big Picture
Illustration: TBS

Behind closed doors: Why women in Bangladesh stay in abusive marriages

22h | Panorama
Purbachl’s 144-acre Sal forest is an essential part of the area’s biodiversity. Within it, 128 species of plants and 74 species of animals — many of them endangered — have been identified. Photo: Syed Zakir Hossain/TBS

A forest saved: Inside the restoration of Purbachal's last Sal grove

22h | Panorama
Photo: Rajib Dhar/TBS

11 July 2024: Riot vehicles, water cannons hit the streets as police crack down on protesters

15h | Panorama

More Videos from TBS

Israel ready to strike back if Iran threatens: Katz

Israel ready to strike back if Iran threatens: Katz

49m | TBS World
India is strengthening ties with Israel

India is strengthening ties with Israel

1h | TBS World
'Hypocrisy' will not continue, Iran tells IAEA

'Hypocrisy' will not continue, Iran tells IAEA

17h | TBS World
OpenAI to release web browser in challenge to Google Chrome

OpenAI to release web browser in challenge to Google Chrome

17h | TBS World
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net