Business

LankaBangla inks deal with SMEF to distribute loans


Published : 05 Aug 2022 09:45 PM

An agreement under the incentive package announced by the government has been signed with LankaBangla Finance Limited to distribute loans at the entrepreneurial level from the ‘revolving fund’ made up of discounted funds administered by the prime minister in favour of the SME Foundation.

The signing of the agreement was held recently at the Padma Hall of Hotel Pan Pacific Sonargaon in Dhaka, said a press release.

In accordance with this agreement, a ‘Revolving Fund’ has been constituted in the SME Foundation as per the advice of the finance department.

Entrepreneurs of potential sectors, sub-sectors and clusters, clientele groups, members of associations and chambers and women entrepreneurs will get loans from the revolving fund under the credit wholesaling programme of the foundation. Sheikh Mohammad Salim Ullah, secretary of financial institutions department of Ministry of Finance, was present as chief guest at the contract signing ceremony under the chairmanship of SME Foundation Chairman.