Shimanto Bank PLC has recently signed Participation Agreements with Bangladesh Bank under the Cluster Financing Scheme and the FSFDMSME Refinancing Scheme through the SME and Special Programs Department (SMESPD) to strengthen financing support for Cottage, Micro, Small and Medium Enterprises (CMSMEs) across the country.
The signing ceremony was held at Jahangir Alam Conference Hall of Bangladesh Bank Head Office in Dhaka. The programme was chaired by Nurun Nahar, Deputy Governor, Bangladesh Bank, says a press release.
Md Nurul Azim, Managing Director and CEO of Shimanto Bank PLC, and Nawshad Mustafa, Director of SMESPD, Bangladesh Bank, signed the agreement on behalf of their respective organizations.
Among others, Husne Ara Shikha, Executive Director of Bangladesh Bank, MuhammedDidarul Islam, CRO and Mr. Md Faridul Islam, Head of SME Banking of Shimanto Bank PLC were present at the signing ceremony.
Under the schemes, CMSME customers will be able to avail financing facilities at a concessional interest rate of 7% per annum, enhancing access to affordable financing for entrepreneurs and small businesses nationwide.
