A participation agreement has been signed between Bangladesh Bank and NRB Bank PLC to disburse loans at low interest rates and on easy terms from the Tk5,000 crore working capital refinance fund for the CMSME sector.
The agreement signing ceremony was held on September 8, at Bangladesh Bank's head office.
Md Zabdul Islam, director of the SME and Special Programs Department (SMESPD) of Bangladesh Bank, and Tareq Riaz Khan, managing director & CEO of NRB Bank PLC, signed the agreement on behalf of their respective institutions.
Md Anis Ur Rahman, deputy governor of Bangladesh Bank, attended the event as chief guest.
Nahid Rahman, executive director of Bangladesh Bank; Shahanaj Pervin, additional director; and Md Aminul Islam, head of the SME Division of NRB Bank PLC, were also present.
Under the Tk60,000 crore stimulus package announced by Bangladesh Bank, this fund was formed to enable CMSME enterprises to operate their production, service, and business activities at full capacity by providing them with the necessary working capital loans/ investments, and to boost the sluggish economy by creating direct and indirect employment in the country.
Under this fund, generally operational CMSME enterprises that are unable to run their production/ service/ business activities at full capacity due to a lack of necessary working capital will receive financing at an interest rate of only 9%.
NRB Bank PLC is a proud partner in this business journey.
