Equity Fund Split
Separate funds proposed for IT, agricultural entrepreneurs
Staff Correspondent
Finance Adviser Mirza Azizul Islam yesterday proposed to form two new funds-- Agriculture Entrepreneurship Fund and IT Equity Entrepreneurship Fund-- splitting the existing Equity Entrepreneurship Fund (EEF).In his budget speech, the adviser also proposed to allocate Tk 100 crore for each of the segment. In the previous budget, the allocation for EEF fund was Tk 200 crore. Aziz proposed an allocation of Tk 150 crore as credit support for the development of agro-based industries. "The proposed credit will be channelled through Bangladesh Krishi Bank, Rajshahi Krishi Unnayan Bank, BASIC Bank and Karma Sangsthan Bank," he said.
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