Call for enhanced support for CMSME financing for sustenance after COVID-19

Business Desk :
Deputy Governor, Bangladesh Bank Abu Farah Md. Nasser said that our key focus is to control both the import and inflation and promote local production for generating employment and for this we have announced new Credit Garuntee Scheme (CGS) on Refinancing against Term Loan of Tk 250 billion of which 75% for cottage micro and small and remaining for medium enterprises.
The Deputy Governor was speaking at the 10th Financial Sector Development Working Committee (FSDWC) Meeting organized by Business Initiative Leading Development (BUILD) recently. Abu Farah Md. Nasser, Deputy Governor, Bangladesh Bank (BB), and Rizwan Rahman, President of Dhaka Chamber of Commerce and Industry (DCCI) co-chaired the meeting.
He further said that open interest cap will pile yet more stress on small-business owners struggling with debt and will add more cost to production thus highly influencing the cost of business.