Lead banks selected for CMSME loan disbursement
Bangladesh Bank yesterday selected lead banks for every district in order to speed up the disbursement of loans among cottage, micro, small and medium enterprises (CMSMEs).
A lead bank will play a major role in giving out loans to CMSMEs, according to a notice issued by the central bank.
The lead organisation will assist all banks and non-bank financial institutions in a district such that the small business will avail their desired loans appropriately.
The banking regulator started to select lead banks since last year, but many of them did not play their due role set by the BB, a Bangladesh Bank official said.
Against the backdrop, the central bank issued the notice, publishing the list of the lead banks for every district, he said.
The lead bank will oragnise opinion exchange meeting at upazila and district level in order to speed up the CMSME loan disbursement, which will ultimately help recover the business slowdown at a fast pace.
The respective deputy commissioner of every district will lead the CMSME loan disbursement process.
A monitoring committee of CMSME loan disbursement has already been formed in every district, which will also supervise to give out the stimulus package of Tk 20,000 crore properly to the sector.
Banks have so far disbursed around Tk 12,000 crore of the CMSME package to clients. The whole package will have to be distributed within March.
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