Welcome to Business Outlook
Related Articles
Brac Bank has signed a participation agreement with Bangladesh Bank to avail Credit Guarantee facility to support women and agro-based product processing entrepreneurs.
This facility will support women entrepreneurs in small enterprises, and the agro-processing industry under Bangladesh’s refinance scheme.
Selim RF Hussain, managing director & CEO, Brac Bank, and Nahid Rahman, director, credit guarantee department of Bangladesh Bank, signed the agreement at Bangladesh Bank Head Office in Dhaka on March 11.
Nurun Nahar, deputy governor; and Mohammad Jamal Uddin, executive director, Bangladesh Bank, and Syed Abdul Momen, deputy managing director & head of SME Banking, Brac Bank, attended the program.
The credit guarantee will cover a Tk3,000 crore refinance scheme for women entrepreneurs and a Tk1,400 crore refinance scheme for the agro-product processing sector.
This scheme will help women and agro-processing entrepreneurs obtain loans without collateral.
(DT)
