Small and Medium Enterprise Foundation (SMEF) has inked a memorandum of understanding (MoU) with NCC Bank Tuesday to provide collateral free loans to the small and medium apparel entrepreneurs in Nilphamari and Syedpur garment cluster.
Under the deal, SMEF will provide Tk 25 million as loans to 300 entrepreneurs at 9 per cent interest rate, according to a press statement.
SMEF Managing Director Syed Ihsanul Karim and NCC Bank Managing Director Golam Hafiz Ahmed signed the agreement on behalf of their respective sides in the city. The leaders of two associations of SME apparel makers were also present at the signing ceremony.
SMEF, NCC Bank sign deal to provide collateral free loans
FE Report | Published: July 09, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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