Regarding refinancing fund set up for development of SME industry
Nov 23, 2020
Refinancing Fund Set up for Development of SME Industry
The Government of Bangladesh and the Asian Development Bank (ADB) have extended capital and term loans to the CMSME sector to support them during COVID-19, with an interest rate of 2% for participating banks and financial institutions. The maximum interest rate for customers is 6%. This decision, effective from November 18, 2020, aims to provide financial relief and increase employment opportunities.