Tk 100cr BB fund for DCCI entrepreneurship project

Staff Correspondent

Bangladesh Bank on Tuesday announced the introduction of a refinance scheme worth Tk 100 crore to boost the entrepreneur development project initiated by Dhaka Chamber of Commerce and Industry.
The central bank board of directors approved the new refinance fund in its meeting at the BB headquarters in the capital.
Under the entrepreneur development project, the DCCI has already started to create 2,000 new entrepreneurs to strengthen the country’s small and medium enterprises sector.
The new entrepreneurs will be able to get loans with a lower rate of interest from the refinance fund to launch their
new business ventures.
Md Masum Patwary of the BB’s SME and special programmes department told New Age on Tuesday that scheduled banks and non-bank financial institutions would borrow from the central bank under the scheme at an interest rate of 5 per cent.
The banks and the NBFIs may disburse loans to the entrepreneurs at an interest rate of 10 per cent to 11 per cent, he said.
He, however, said the central bank was yet to fix the rate of interest for the entrepreneurs, but
the BB would take the decision in the quickest possible time.



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