Mutual Trust Bank Limited (MTB) has recently signed an agreement with SME Foundation to disburse stimulus loan arranged by the Government of Bangladesh, according to a press release.
MTB is among the 15 (fifteen) banks that are participating under this stimulus package of SME Foundation for Micro, Small and Medium enterprises.
Under this agreement, the fund will be disbursed at a 4% interest rate to Rural & Marginal Micro, Small and Medium entrepreneurs with a special focus on marginalized people of rural areas of Bangladesh with a view to elevating their life standards and accelerating the recovery from the loss incurred due to COVID-19 pandemic.
M A Mannan, MP, Minister, Ministry of Planning of the People’s Republic of Bangladesh attended the event as the chief guest while Kamal Ahmed Mojumder, MP, State Minister, Ministry of Industries; Zunaid Ahmed Palak, MP, State Minister, Ministry of ICT and Zakia Sultana, Secretary, Ministry of Industries were also present as special guests.
Professor Dr Md. Masudur Rahman, Chairperson, SME Foundation presided over the event.
Dr Md Mafizur Rahman, Managing Director of SME Foundation and Syed Mahbubur Rahman, CEO of Mutual Trust Bank signed the agreement on behalf of their respective organization.