Twenty-one scheduled banks and nine non-bank financial institutions on Sunday signed participant agreements with Bangladesh Bank to use its (central bank) refinance scheme fund worth Tk 100 crore for the new entrepreneurs to encourage self-employment.
The banks and the NBFIs made the deal at the central bank headquarters in the capital when BB governor Atiur Rahman and senior executives of the financial institutions attended.
Speaking on the occasion, Atiur said the entrepreneurs, who had no business experiences, would be able to receive the loans from the refinance fund.
He said the refinance fund would help create new entrepreneurs and it would expedite the fresh job market in the country.
The banks and the NBFIs will be able to get the fund with interest rate of five per cent from the refinance fund, Atiur said.
The banks and the NBFIs will have to disburse the loan to the new entrepreneurs with 10 per cent interest rate, the BB governor said.
Each of the clients will get a maximum amount of Tk 10 lakh in loan without any mortgage but the banks and the NBFIs will be able to take personal guarantee or third party guarantee from the clients.
The clients will get a maximum Tk 25 lakh from the scheme by giving mortgage to the banks and the NBFIs.
BB deputy governor Md Abul Quasem, executive officer Nirmal Chandra Bhakta, general manager Md Masum Patwary and Eastern Bank managing director Ali Reza Iftekhar, among others, addressed the programme.
-With New Age input
