BB offers special loan facility for CMSME sector
Under the special facility, cottage, micro and small entrepreneurs will get term loan or investment facility side by side the working capital loan or investment facility, as per a BB circular issued Sunday
The Bangladesh Bank (BB) Sunday offered a special loan facility for the cottage, micro, and Small and Medium Enterprises (CMSMEs) sector affected by Novel Coronavirus (Covid-19) pandemic.
Under the special facility, cottage, micro and small entrepreneurs will get term loan or investment facility side by side the working capital loan or investment facility, as per a BB circular issued Sunday.
In this case, the cottage, micro and small entrepreneurs will get one year interest or profit subsidy, the circular added.
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As per the previous rules, medium enterprises will get working capital loan or investment facility from the incentive package, announced by the government, and in that case, the benefit of interest subsidy will also be valid for one year.
The central bank has offered the special loan facility for encouraging the CMSMEs to borrow under the incentive package of Tk20,000 crore.
However, till 17 June this year Tk14,913 crore has been distributed from this package. A total of 94,989 customers have availed loans from the package, including 5,276 women.
The package was launched in April last year. The deadline is this June 30. Despite several extensions, the implementation of the package is only 75 percent.
