Low-interest loan scheme for SME launched

Small and medium manufacturing enterprises will now get bigger loans amounting up to Tk 0.5 million (5 lakh), up from Tk 50,000, at a single-digit interest rate of 9 per cent in next two years under a new lending scheme. Industries Minister Dilip Barua Wednesday inaugurated a pilot project on the low-rated lending scheme through disbursement of cheques. The Small and Medium Enterprise (SME) Foundation has launched the concession-financing project for the small and medium manufacturing industries. — UNB