IFIC Bank disburses loans to 2500 CMSMEs

Published : 22 Sep 2022 08:50 PM | Updated : 22 Sep 2022 08:50 PM

In order to increase employment and achieve economic development of the larger population of Bangladesh, Bangladesh Bank has formed a refinancing scheme to ensure credit facility at low interest and easy terms to the cottage, micro, small and medium industries- CMSME sector.

Under this scheme, IFIC Bank distributed loans to 2500 CMSME entrepreneurs across the country through all its shakha-uposhakha, read a press release.

To commemorate this occasion, an inaugural programme titled ‘Glorious Journey of CMSME Loan Refinancing Scheme Distribution’ was held on Wednesday at the IFIC Tower located in Purana Paltan, Dhaka.

This programme was officially inaugurated by the creator of this scheme, Abdur Rouf Talukder, governor of Bangladesh Bank as the chief guest.

A R M Nazmus Sakib, director of IFIC Bank, presided over the event; in the presence Shah A Sarwar, managing director and chief executive of IFIC Bank; and Abu Farah Md Nasser, deputy governor of Bangladesh Bank.

Directors and senior officials of IFIC Bank, senior officials of Bangladesh Bank, various professionals and journalists were also present at the event.

The chief guest of the programme Governor Abdur Rauf Talukder said that he is elated by the fact that IFIC Bank is the first to start distributing loans under this scheme announced by Bangladesh Bank. He thanked all the officers of IFIC Bank, especially the managing director and the directors of the bank.

In his speech, Shah A Sarwar, managing director and chief executive officer of IFIC Bank said that, IFIC Bank has taken long-term steps with the support of Bangladesh Bank 10 years ago, today’s programme is a milestone in that step.