Bangladesh Bank includes Shimanto Bank in financial inclusion initiative

Shimanto Bank PLC has signed a participatory agreement with Bangladesh Bank under the Financial Inclusion Credit Guarantee Scheme, aimed at expanding access to finance for underserved and marginalised groups.

Under this scheme, small depositors — including Tk10/50/100 account holders, marginal and landless farmers, low-income professionals, school banking account holders, and small traders — will be eligible for financing with credit guarantees from Bangladesh Bank. The initiative is designed to create new opportunities for individuals who struggle to secure loans due to insufficient collateral.

The agreement was signed in the presence of Md. Sawkatul Alam, Executive Director of Bangladesh Bank. Muhammad Nazmul Haque, Director (CGD), Bangladesh Bank, and Mohammad Azizul Hoque, Managing Director & CEO (CC) of Shimanto Bank, signed the MoU on behalf of their respective organisations.

This collaboration marks a step forward in advancing financial inclusion by enabling easier access to credit for low-income groups, thereby empowering communities and supporting grassroots economic growth.