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The SME Foundation has stressed developing good relations between small entrepreneurs and bankers to ensure faster disbursement of loans under government stimulus packages.
The foundation’s Managing Director Md Mafizur Rahman put the emphasis while addressing an event on matchmaking between small entrepreneurs and bankers on Wednesday in Rangpur.
Bangladesh Bank General Manager M Jamal Uddin and Rajshahi Krishi Unnayan Bank General Manager Babar Ali also attended the function as special guests.
Mafizur Rahman said, ‘If the condition and information related to avail loan are displayed at banks and financial institutions, it will be helpful for the SME entrepreneurs.’
Besides this, he also asked the entrepreneurs and bankers to be more conscious regarding the rules and regulations of the distribution of the incentive package of the government.
He also added that the number of loan receiver women under the incentive package for SME sector is below six per cent, women entrepreneurs are getting more than 30 per cent from the distributed loan of SME Foundation.
With a view to minimising the losses of the Covid-19 pandemic, SME Foundation signed an agreement with 19 banks on the second slot of incentive package of the government worth Tk 200 crore in the current fiscal year.
The interest rate of the loan is only four per cent. An entrepreneur can get a loan of a minimum Tk 1 lakh to Tk 50 lakh. Loans up to Tk 25 lakh are collateral-free.
