Dhaka Bank & SME Foundation team up to boost CMSME Business

FE Team | Published: June 20, 2024 22:14:25

Dhaka Bank has teamed up with SME Foundation for providing loans to cottage, micro, small and medium enterprises (CMSMEs) under their revolving loan facility amounting to Tk 450 crore. The fund was generated from the government's stimulus package and the foundation's own source to help navigate the challenges of the pandemic. Loans will be disbursed from the fund to entrepreneurs at a subsidized rate of 6 per cent.