SME loan disbursement by banks and non-bank financial institutions increased by 21 per cent to Tk 1,23,045 crore in the first nine months of the year 2017 compared with Tk 1,01,000 crore in the same period a year ago.
The latest Bangladesh Bank data show that the banks and non-bank financial institutions have already disbursed 92 per cent of the targeted loans, Tk 1,33,853 crore, for the year 2017 in just nine months.
Of the disbursed loans, banks disbursed Tk 1,16,656 crore against the disbursement of Tk 6,389 crore by the NBFIs.
Banks and NBFIs disbursed SME loans among 5,58,000 entrepreneurs, 21 per cent up from the 4,60,000 entrepreneurs who availed the opportunity in the first nine months a year ago.
Although the banks and NBFIs were instructed to disburse loans in the productive sector, the industries got the loan facility most.
Of the disbursed amount, entrepreneurs associated with trade sector got Tk 77,000 crore in loans against the facility of Tk 29,557 crore and Tk 15,770 crore respectively for the production and service-related sectors.
BB officials said that higher loan disbursement to the trade sector usually puts a negative impact on the country’s overall economy as such trend fails to expand the industrial sector and make a little contribution to employment generation.
Although the number of women entrepreneurs increased by 22 per cent to 40,000 from 32,841 a year ago, SME loan disbursement among the women entrepreneurs declined by 17 per cent to Tk 3,460 crore from Tk 4,156 crore at the end of September last year, the BB data
The banks and NBFIs, however, failed to attract new entrepreneurs as the number of new SME entrepreneurs increased by only one per cent and loan disbursement
among them rose six per cent only.
In first nine months of the year 2017, a total of 1,08,521 new entrepreneurs received Tk 18,000 crore loans from banks and NBFIs against the loan receive of Tk 17,000 by 1,07,349 new entrepreneurs during the same period a year ago.
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