Dhaka Bank has collaborated with SME Foundation to facilitate loans for Cottage, Micro, Small, and Medium Enterprises (CMSMEs) through a revolving loan facility totaling Tk 450 crore. This initiative utilizes funds from both the government’s stimulus package and the foundation’s resources, aimed at alleviating pandemic-related challenges. The loans will be disbursed at a subsidized interest rate of 6%, providing critical financial support to CMSME entrepreneurs. The partnership aims to bolster CMSME businesses by enabling access to affordable financing, thereby fostering economic resilience and growth. This strategic alliance underscores Dhaka Bank’s commitment to supporting SMEs, a crucial sector in Bangladesh’s economy, and aligns with SME Foundation’s mission to empower small enterprises through targeted financial interventions. The initiative is expected to contribute significantly to the recovery and sustainability of CMSMEs amid ongoing economic uncertainties.
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