Business Desk :
Dhaka Bank PLC has teamed up with SME Foundation (SMEF) for providing loans to the Cottage, Micro, Small and Medium Enterprises (CMSMEs) under their Revolving Loan facility, fund from the government’s stimulus package and its own source to help navigate the challenges of the pandemic.
Dhaka Bank and SMEF have signed an agreement in this regard on 11 June 2024 in a hotel in Dhaka.
Under this program, SME Foundation will provide Tk450 crore to the participating banks and non-bank financial institutions (NBFIs) which will be disbursed to the entrepreneurs at a subsidized rate of 6 per cent.
A K M Shahnawaj, Acting Managing Director of Dhaka Bank PLC and Salahuddin Mahmud, Managing Director (Additional Charge) of SME Foundation signed the agreement on behalf of their organizations.
Md. MahbuburRahmanPalash, head of MSME and Emerging Business Division of the Dhaka bank were present during the agreement signing ceremony.
Professor Md. MasudurRahman, Chairman of the SME Foundation, presided over the agreement signing ceremony while Zakia Sultana, Senior Secretary, Ministry of Industries, Government of the People’s Republic of Bangladesh, Md. AbdurRahman Khan FCMA, Secretary, Financial Institutions Division, Ministry of Finance and high officials of different banks and NBFIs were present in the signing ceremony.