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Bangladesh Bank has asked banks and non-bank financial institutions to raise their loan disbursement ratio for cottage, micro, small and medium enterprises (CMSMEs) to 25% of their outstanding loans by 2024.
From next year, of all the loans provided to this sector, 50% must be distributed among cottage, micro and small enterprises, according to a central bank notice on Thursday.
Moreover, at least another 15% will have to be given out to women entrepreneurs, 40% to manufacturing, 25% to service and 35% to trading sectors.
The central bank had issued almost the same instructions to lenders in 2019.
But this time, it has slightly revised the directives to give more clarity to lenders to this end.
Banks disbursed Tk282,896 crore in loans for the CMSME sector, which is 19.14% of the outstanding loans disbursed by banks as of December last year.
(DT)
