Nano Loans under 4 minutes – Bringing smiles to thousands! | The Business Standard
Skip to main content
  • Latest
  • Epaper
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Wednesday
June 18, 2025

Sign In
Subscribe
  • Latest
  • Epaper
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
WEDNESDAY, JUNE 18, 2025
Nano Loans under 4 minutes – Bringing smiles to thousands!

Banking

TBS Report
25 January, 2022, 02:20 pm
Last modified: 25 January, 2022, 05:24 pm

Related News

  • How Bangladesh can keep up with AI
  • The future can’t wait: Why the budget falls short for ICT
  • Nvidia's pitch for sovereign AI resonates with EU leaders
  • From Dhaka to Paris: How Kaz Software is making its place on global stage
  • Here’s everything Apple announced at WWDC 2025

Nano Loans under 4 minutes – Bringing smiles to thousands!

As a part of Prime Bank’s long-term strategy, PrimeAgrim is a step towards ensuring financial inclusion for the unbanked population

TBS Report
25 January, 2022, 02:20 pm
Last modified: 25 January, 2022, 05:24 pm
Photo: Courtesy
Photo: Courtesy

Sumaiya Akhter is an RMG worker. She has been working with Ananta Companies Ltd. for two years.  Sumaiya supports a family of three. She earns enough to support herself, her younger brother and her grandmother who reside in the village. However, every now and then emergency needs appear and Sumaiya finds it difficult to manage all her expenses. 

Sumaiya recently got to learn about PrimeAgrim from her work. PrimeAgrim is an AI-based instant digital nano loan platform that allows her to take instant loans. So when she was faced with the challenge of accumulating funds to pay for her younger brother's school tuition fees, uniform and stationery expenses, she turned to PrimeAgrim for help. Sumaiya applied for a nano loan on PrimeAgrim app and got the desired amount to her Prime Bank account in an instant. With the help of PrimeAgrim she was able to pay for her younger brother's educational expenses. Sumaiya can now easily pay off the loan upon getting the salary and keep track of her interest expenses.

Like Sumaiya, PrimeAgrim has brought smiles to the faces of more than a thousand RMG workers in their time of need. PrimeAgrim is a collateral-free, instant 'Digital Nano Loan' initiative of Prime Bank for the Blue-collar workers of Bangladesh. Any worker with a specific salary range can avail loan up to 30% of their respective salary amount. This groundbreaking initiative enables the customers to apply and avail of loans within a few seconds through the PrimeAgrim App. This service is available 24/7 irrespective of banking hours, making PrimeAgrim a much-needed instant financial support. 

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

PrimeAgrim takes away the hassle of the traditional lengthy borrowing process. Customers can avail of this loan through digital credit assessment. PrimeAgrim's AI-driven digital nano financing platform has machine learning and alternative credit scoring that enables loan sanction in a few seconds. As a part of Prime Bank's long-term strategy, PrimeAgrim is a step towards ensuring financial inclusion for the unbanked population. This initiative represents a major milestone in promoting the vision for a 'Digital Bangladesh'. 

PrimeAgrim is already attracting global attention. For this innovative initiative, Prime Bank has received the Bronze under Analytics & Artificial Intelligence (AI) category at the prestigious Efma-Accenture Banking Innovation Awards-2021. PrimeAgrim started piloting on 8 November, 2021 in the RMG sector with Ananta Companies Ltd. Since pilot, PrimeAgrim has disbursed more than 1,000 loans to garment workers. Prime Bank plans to expand the services to workers of other sectors and ensure financial inclusion of mass people.

Economy

Prime Bank Limited / AI / Digital Nano Loan service

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • US President Donald Trump points a finger as he departs for Canada to attend the G7 Leaders' Summit, from Joint Base Andrews in Maryland, US, June 15, 2025. Photo: REUTERS/Kevin Lamarque
    Trump considers joining Israel on Iran strikes as IDF targets nuclear sites
  • Iran's Supreme Leader Ayatollah Ali Khamenei speaks during a meeting with defence industry experts in Tehran, Iran, February 12, 2025. Photo: Office of the Iranian Supreme Leader/WANA (West Asia News Agency)/Handout via REUTERS/File Photo
    Iran's Khamenei vows 'no mercy' for Israel leaders
  • Debapriya at a discussion meeting titled ‘National Budget 2025-26: What is there for the left-behinds’. Photo: Collected
    Proposed budget ‘disappointing in many ways’: Debapriya

MOST VIEWED

  • Infograph: TBS
    Govt to ease loan rules to help foreign firms expand in Bangladesh
  • A view of Iranian missiles across the sky as seen by Biman pilot Enam Talukder. Photo: Enam Talukder
    Biman pilot witnessed Iran's missiles flying towards Israel
  • Global map showing nuclear weapon inventories by country as of January 2025, including deployed, stored, and retired warheads. Source: SIPRI
    How Israel's secret nuclear arsenal comes under spotlight amid attacks on Iran
  • Infograph:TBS
    Overseas employment back in flow as Saudi recruitment picks up in May
  • Google Pay. Photo: Collected
    Google Pay coming to Bangladesh next week
  • European Council President Antonio Costa, Japan's Prime Minister Shigeru Ishiba, Italian Prime Minister Giorgia Meloni, French President Emmanuel Macron, Canada's Prime Minister Mark Carney, US President Donald Trump, British Prime Minister Keir Starmer, German Chancellor Friedrich Merz and European Commission President Ursula von der Leyen pose for a family photo during the G7 Summit, in Kananaskis, Alberta, Canada, June 16, 2025. Photo: REUTERS/Suzanne Plunkett/Pool
    G7 expresses support for Israel, calls Iran source of instability

Related News

  • How Bangladesh can keep up with AI
  • The future can’t wait: Why the budget falls short for ICT
  • Nvidia's pitch for sovereign AI resonates with EU leaders
  • From Dhaka to Paris: How Kaz Software is making its place on global stage
  • Here’s everything Apple announced at WWDC 2025

Features

The Kallyanpur Canal is burdened with more than 600,000 kilograms of waste every month. Photo: Courtesy

Kallyanpur canal project shows how to combat plastic pollution in Dhaka

19h | Panorama
The GLS600 overall has a curvaceous nature, with seamless blends across every panel. PHOTO: Arfin Kazi

Mercedes Maybach GLS600: Definitive Luxury

2d | Wheels
Renowned authors Imdadul Haque Milon, Mohit Kamal, and poet–children’s writer Rashed Rouf seen at Current Book Centre, alongside the store's proprietor, Shahin. Photo: Collected

From ‘Screen and Culture’ to ‘Current Book House’: Chattogram’s oldest surviving bookstore

2d | Panorama
Photos: Collected

Kurtis that make a great office wear

4d | Mode

More Videos from TBS

Will Trump take the ladder and hang Netanyahu from a tree?

Will Trump take the ladder and hang Netanyahu from a tree?

1h | Others
Did Iran take revenge for the killing of nuclear scientists?

Did Iran take revenge for the killing of nuclear scientists?

2h | TBS World
Did Moscow send a message of standing by Iran by attacking Ukraine?

Did Moscow send a message of standing by Iran by attacking Ukraine?

3h | TBS World
Khamenei declares war on Israel

Khamenei declares war on Israel

4h | TBS News Updates
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net