Dhaka Bank joins Tk 4,500cr BB schemes to boost MSME growth

Dhaka Bank PLC has signed participatory agreements with Bangladesh Bank under refinance schemes comprising the Tk 3,000 crore “Cluster Financing Scheme” and the Tk 1,500 crore “Financial Sector Fund” for the development of micro, small and medium enterprises (MSMEs).

Under these agreements, Dhaka Bank will provide loans to cluster-based entrepreneurs and MSMEs at a concessional interest rate of 7 percent.

Nawshad Mustafa, director of SME and Special Programmes Department of the Bangladesh Bank, and AKM Shahnawaj, additional managing director of Dhaka Bank PLC, signed the agreements at the BB headquarters in Motijheel, Dhaka recently, according to the press release.

Nurun Nahar, deputy governor of Bangladesh Bank, attended the signing ceremony as the chief guest.

Husna Ara Shikha, executive director of the central bank, and Md Mahbubur Rahman Palash, executive vice-president and head of the MSME and emerging business division of Dhaka Bank PLC, along with other senior officials from both organisations, were also present at the ceremony.