BB inks deal with SME Foundation to expand credit programme


DHAKA, Feb 12, 2019 (BSS) – Bangladesh Bank (BB) today signed a loan agreement of Taka 50 crore with SME Foundation to expand its credit programme.

In the presence of BB Governor Fazle Kabir, General Manager of the BB’s SME Department Sheikh M Selim and Managing Director of the SME Foundation M Shafiqul Islam signed the agreement on behalf of their respective sides, said a press release. Among others, BB Deputy Governor SM Moniruzzaman and Executive Director M Abdur Rahim were present at the function.

Under the agreement, the central bank will provide Taka 50 crore to the SME Foundation for providing soft loan to the SME cluster and women entrepreneurs.