• Thursday, Feb 25, 2021
  • Last Update : 04:36 pm

Bangladesh Bank publishes Manual of Credit Guarantee Scheme

  • Published at 08:47 pm November 3rd, 2020
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The Bangladesh Bank logo is seen at its office building in capital Dhaka Mehedi Hasan/ Dhaka Tribune

It is for the banks to follow in facilitating loans under the government-announced economic stimulus package of Tk20,000 crore for CMSME sectors

Bangladesh Bank on Tuesday published 'Manual of Credit Guarantee Scheme' for the banks to follow in facilitating loans for cottage, micro and small enterprises (CMS) under the government-announced economic stimulus package of Tk20,000 crore for CMSME sectors.

Under this package, any entrepreneur of CMS category can avail a collateral free loan between Tk200,000 and Tk5,000,000 as working capital under the scheme.

The central bank launched the scheme on July 27 this year to facilitate the collateral loans for the country’s small scale entrepreneurs under CMS category to offset the effects of Covid-19 in their businesses.

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