Syed Nowsher Ali, Deputy Managing Director, the Premier Bank Limited, and Md Mafizur Rahman, Managing Director of SME Foundation, signed the agreement on behalf of their respective organisations in the capital recently. As a partner bank, Premier Bank signed an agreement with SME Foundation to receive a revolving fund under the related Stimulus Package for distribution among CMS entrepreneurs, says a press release.
Syed Nowsher Ali, Deputy Managing Director, The Premier Bank Limited, and Md Mafizur Rahman, Managing Director of SME Foundation, signed the agreement on behalf of their respective organisations in the capital recently.
Sheikh Mohammad Salim Ullah, secretary of Financial Institutions Division (FID), Ministry of Finance, Dr. Md Masudur Rahman, Chairman, SME Foundation, Mohammed Emtiaz Uddin, SEVP & Head of SME & Agriculture Banking Division of Premier Bank Ltd. and senior officials from other partner banks and NBFIs were present at the event.
Under the agreement, Premier Bank will disburse the allotted fund at the 4% interest rate to CMS entrepreneurs among the country's rural and marginal population to accelerate economic recovery from the Covid-19 pandemic fallout and improve the rural living standard.
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