The Bangladesh Bank (BB) has extended the time limit for cinema hall owners to avail Tk1,000 crore refinancing scheme till December 31 this year, allowing them to avail the low-cost fund to renovate existing facilities or set up new ones.
According to a BB circular issued on Sunday, the deadline to secure loans from the scheme expired in December 2023.
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 a half decades as audiences shifted to satellite televisions and streaming services.