Central Bank Offers Special Loan Facility for CMSME Sector

Bangladesh Bank (BB) today offered a special loan facility for the cottage, micro, and Small and Medium Enterprises (CMSMEs) sector affected by COVID-19 pandemic.

Under the special facility, cottage, micro and small entrepreneurs will get term loan or investment facility side by side the working capital loan or investment facility, as per a BB circular issued today.

In this case, the cottage, micro and small entrepreneurs will get one year interest or profit subsidy, the circular added.

As per the previous rules, medium enterprises will get working capital loan or investment facility from the incentive package, announced by the government, and in that case, the benefit of the interest subsidy will also be valid for one year, reports BSS.

The central bank has offered a special loan facility for encouraging the CMSMEs to borrow under the incentive package of Taka 20,000 crore.