NRBC Bank will provide loans to small and medium-sized enterprises (SMEs) at an interest rate of just 6%. Entrepreneurs can avail loans ranging from Tk. 1 lac to 25 Lac under easy terms.
However, for purchasing capital machinery for the industry, loans up to a maximum of Tk.50 Lac can be taken. These loans will be distributed from the ‘Revolving Fund’ of the SME Foundation under the stimulus package announced by the Honorable Prime Minister Sheikh Hasina to overcome the damages caused by the corona virus pandemic.
To facilitate this, NRBC Bank signed an agreement with the SME Foundation on Tuesday at a hotel in the capital. Managing Director (Current Charge) of NRBC Bank, Md. Rabiul Islam, and the Chairperson of the SME Foundation, Professor Dr. Md. Masudur Rahman, signed the agreement on behalf of their respective organizations. The event was attended by Senior Secretary of the Ministry of Industries, Zakia Sultana; Secretary of the Financial Institutions Division of the Ministry of Finance, Md. Abdur Rahman Khan, FCMA; Managing Director (additional charge) of SME Foundation, Salahuddin Mahmud; and Head of CRMD-2 (SME) of NRBC Bank, Muhammad Hajjaj- Bin- Mahfooz, among others.
