Business Desk : dhakamirror.com
National Bank Ltd has signed an agreement on “Financial Inclusion Credit Guarantee Scheme” with Bangladesh Bank, aiming to boost financing to cottage, micro, small and medium enterprises (CMSME).
Manoj Kumar Howlader, director of the credit guarantee department of the central bank, and Md Mehmood Husain, managing director and CEO of National Bank, signed the deal at the BB headquarters in Motijheel on Monday, said a press release.
Under this agreement, National Bank will provide an unsecured loan facility to marginal or landless farmers, low-income professionals, small businesspersons and school banking account holders through its branches. The interest rate of this loan is 7 percent.
Among others, Syed Himyanuddin Ahmed, additional director of the credit guarantee department of the BB, Md Oliul Islam, joint director, and Md Sahidul Islam, head of credit risk management (MSME) division of National Bank, were present. – Press release