Dhaka Bank signs deals with BB for MSME refinance schemes

Dhaka Bank PLC has signed participation agreements with Bangladesh Bank for refinance scheme under the 3,000.00 crore "Cluster Financing Scheme" and 1,500.00 crore "Financial Sector Fund for the Development of MSMEs (FSFDMSME).
 
Under this agreement Dhaka Bank will provide loans to cluster entrepreneurs and MSMEs at a concessional interest rate of 7%, says a press release. 

The signing ceremony was at the Jahangir Alam Conference Hall of Bangladesh Bank, where Nawshad Mustafa, Director of SMESPD of BB and A K M Shahnawaj, Additional Managing Director of Dhaka Bank PLC exchanged the agreement on behalf of their respective organizations in the presence of Ms.NurunNahar, Deputy Governor of Bangladesh Bank and chief guest of the occasion. Among others, Husna Ara Shikha, Executive Director of Bangladesh Bank, Md. Mahbubur Rahman Palash, EVP and Head of MSME and Emerging Business Division of Dhaka Bank and other officials of Bangladesh Bank were also present in the signing ceremony.