SME fund flow rises 120pc in one year
The fund flow in the Small and Medium Enterprises (SME) sector increased by 120 percent in the last one year as commercial banks and financial institutions responded to the demand for loan, SME Foundation officials said.
Almost 48 private commercial banks (PCBs) opened SME service centres planned for infusing their capital, investments and employment in the sector following the Bangladesh Bank's directives in this regard.
According to a central bank's figure, the banks and financial institutions have distributed loans of Tk 48,475 crore between April to June this year, which is Tk 13,435 crore more than the same period of the previous year.
The state-owned banks provided higher amount of loans compared to private ones as the state banks distributed 33.33 percent of the total loans alone. Specialised banks clinched second position with 19.15 percent, while PCBs 18.77 percent.
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