Prime Bank partners with BASIS to finance MSMEs

Published : 16 Jun 2020 07:58 PM | Updated : 05 Sep 2020 10:11 PM

Prime Bank Ltd on Tuesday announced an alliance with Bangladesh Association of Software and Information Services (BASIS) to finance micro, small and medium enterprises (MSMEs) under the ICT sector.

Under the alliance the BASIS members can apply for up to Tk 5.0 million worth of collateral-free loans at 9.0 per cent interest rate under the new scheme. The new scheme for the ICT industry was unveiled at a virtual press conference organised by Prime Bank Ltd.

State Minister for ICT Zunaid Ahmed Palak addressed the event as the chief guest while BASIS President Syed Almas Kabir, Vice-President Shoeb Ahmed Masud, Prime Bank’s Head of MSME Syed M Omar Tayub, and Head of Brand and Communication Nazmul Karim Chowdhury also spoke on the occasion with Prome Bank’s Managing Director & CEO Rahel Ahmed in the chair.

The loan will be disbursed under the bank’s ‘Prime Shahaj’ loan product for Micro, Small and Medium Enterprises (MSMEs), he said.