DHAKA BANK INKS DEAL WITH BB FOR STARTUP REFINANCING SCHEME

DHAKA BANK INKS DEAL WITH BB FOR STARTUP REFINANCING SCHEME
Dhaka Bank has signed a participation agreement with the Bangladesh Bank for Tk 5 billion Startup Fund Refinancing Scheme. Start-ups, which are introducing new products, services, or processes using technology or intellectual property to meet domestic or global demand, demonstrating rapid scalability, and having the capacity to reshape or significantly improve existing markets through disruptive innovations, will be able to avail Startup loans at a 4 per cent interest rate.