District-based committees formed for SME loan disbursement

The government has formed district-based monitoring committees across the country for smooth disbursement of loans for Small and Medium Enterprises (SME).

Earlier, Prime Minister Sheikh Hasina announced the incentive package to compensate the losses suffered by the industry due to Covid-19 pandemic.

These committees were formed on June 1 by an order of the industries ministry with the approval of the cabinet division, says a press release.

The deputy commissioners have been given the responsibility of the convener of their respective districts while deputy general managers, managers and deputy managers in charge of the Industrial Support Center at the district level of Bangladesh Small and Cottage Industries Corporation (BSCIC) will perform as member-secretary.

In addition, representatives of Bangladesh Bank and SME Foundation, presidents of District Chambers of Commerce and Industry, district presidents of the National Association of Small and Cottage Industries of Bangladesh have been included in the committees as members.

The committees will ensure the transparency of the loans disbursement process and will solve any problem arises during the process locally, said the press release.

They will help the entrepreneurs starting their business again after the Covid-19 pandemic. They will also be responsible to inform the ministry about the progress of the loans disbursement activities every month.

DCCI opens separate SME Development department

Dhaka Chamber of Commerce & Industry (DCCI), has launched a separate 'SME Development Department' to facilitate its members of cottage, micro, small and medium enterprises (CMSMEs) sector. 

Through this initiative, the organisation will guide its CMSME members by providing necessary information to prepare proper documentation processes so that they can avail the  allocated stimulus, says a press release.