BB relaxes rules for women entrepreneurs

Bangladesh Bank (BB) has relaxed rules for low-cost loans to support more women entrepreneurs under its SME refinancing scheme.
The existing rules put Tk 50,000 as the lowest credit, barring a woman entrepreneur from the refinancing scheme if she wants to borrow a smaller amount.
In a notice, the central bank said the women entrepreneurs can now form a group to get the loan if their individual need does not match the minimum credit criteria.
The group can get a loan of more than Tk 50,000 if they need so. The interest rate for the loan will be 10 percent.