The General Manager of SMESPD of Bangladesh Bank Dr. Lila Rashid and Managing Director and CEO of NRB Bank Ltd. Md. Mehmood Husain are seen exchanging participatory agreement on “New Entreprenuer Re-finance Scheme” at Bangladesh Bank Head Office today.

This scheme is applicable for the new entrepreneurs / start-up firms for providing highest loan of Tk10.00 lakh without collateral and Tk25 lakh with collateral at 9% interest rate to a new entrepreneur aged 18 to 45 years who did not take any loan earlier. There will be lending emphasis to the New Entrepreneurs with certification from the Bangladesh Bank accredited training institutions. The Bank will provide priority in financing to projects or business undertakings under this refinance window focusing in the Women entrepreneurs, Innovative and creative ventures, ICT sector, Import-substitute ventures, Export-oriented ventures, acquired-skills related ventures of entrepreneurs who received technical education.

Among others, high officials from SMESPD, Bangladesh Bank and Head of SME Banking of NRB Bank A T M Zamal Uddin, Deputy Head of SME Banking A.M. Zahed were also present in the signing formality.