People will now get loans entirely digitally by using internet banking, mobile apps, mobile financial services (MFS) or e-wallet services.

Bangladesh Bank has already introduced a Tk 100 crore refinance scheme for digital nano loan disbursements in a bid to expand the financial inclusion of marginalised people.

The central bank issued a circular in this regard on Thursday.

Participating banks will be able to disburse loans of Tk 500 to Tk 50,000 to individual customers with up to 9 per cent interest under the scheme.