Dhaka Bank, SME Foundation sign deal
Dhaka Bank recently signed an agreement with SME Foundation at the Pan Pacific Sonargaon Dhaka in the capital to disburse loans to the cottage, micro, small and medium enterprises at a concessional interest rate under the incentive package announced by the government.
Emranul Huq, managing director of Dhaka Bank Ltd, and Md Mafizur Rahman, managing director of SME Foundation, signed the agreement, a press release said.
After successfully implementing the two phases of Covid-19 stimulus package, the foundation has formed a revolving loan facility amounting to Tk 300 crore with the fund from the government's stimulus package channeled through the foundation.
Nurul Majid Mahmud Humayun, minister for industries, Kamal Ahmed Mojumder, state minister, Sheikh Mohammad Salim Ullah, secretary of the financial institutions division at the ministry of finance, and Md Masudur Rahman, chairman of SME Foundation, were present.
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