A credit-guaranteed facility against working capital and trading capital is now available to the cottage, micro, small, and medium-sized businesses (CMSMEs) as part of the Tk 250 billion refinancing scheme for them. The Bangladesh Bank (BB) made the choice after taking into account the existing state of the economy and the need for formal lending for small enterprises. According to the circular, for clients working in the cottage and micro-level production and service sectors, the loan ceiling under the credit guarantee plan is set between Tk 25,000 and Tk 10 million.
Customers in the service industry would receive loans between Tk 25,000 and Tk 10 million, while those in the small-scale production sector will receive credit ranging from Tk 0.1 million to Tk 30 million. According to the BB announcement, clients in the medium-level manufacturing sector would receive credit ranging from Tk 0.1 million to Tk 50 million, while companies in the service sector will receive loans ranging from Tk 0.1 million to Tk 20 million. The loan ceiling for small firms is set between Tk 25,000 and Tk 10 million, while micro-level businesses will only be eligible for credit between Tk 25,000 and Tk 2.5 million.
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