Dhaka, July 9 -- The Bangladesh Bank on Wednesday introduced a new master circular revising policies to streamline and accelerate financing for the burgeoning startup sector.

Recognising startups as crucial drivers of growth, job creation, and innovation, the central bank's updated policy seeks to foster an innovative business environment and create new employment opportunities, aligning with sustainable development goals.

A major change has been made to increase the loan limit for startups from Tk 2 crore to Tk 8 crore, categorized by the startup's operational stage. The loan was Tk 1 crore earlier.

Bangladesh Bank anticipates that these revisions will simplify access to financing for this high-potential sector and play a crucial role...