BB offers Tk 20 lakh for young entrepreneurs

Bangladesh Bank (BB) is offering young entrepreneurs up to Tk 20 lakh in financing under its UDYOG programme, with applications opening in 56 districts on November 1.

Applications will be accepted until November 30 at scheduled bank branches in the respective upazilas, according to a central bank press release issued on Saturday (October 17).

The financing package includes up to Tk 10 lakh in bank loans and up to Tk 10 lakh in grants, subject to eligibility and assessment.

Applicants must be aged up to 28, permanent residents of the upazila where they apply, and have a viable business idea or plan. An existing business is not required.

Loan defaulters and employees of government, semi-government and autonomous institutions are ineligible.