Women entrepreneurs get 33pc SME loan under stimulus package

FE Team | Published: July 13, 2021 22:23:24

Managing Director of the SME Foundation Dr Md Mofizur Rahman said on Tuesday that women entrepreneurs received 33 per cent of the Tk 1.0 billion (100 crore) loan, distributed by the SME Foundation to overcome losses brought on by the Covid-19 pandemic, reports BSS.
Md Mofizur Rahman urged the banks and financial institutions concerned to take preparations for distributing another Tk 2.0 billion loan for the current fiscal year, 2021-22.
He said this while exchanging views with the representatives of banks and financial institutions virtually.
He informed that in the 2020-21 financial year, the SME Foundation distributed about Tk 1.16 billion among 1,069 entrepreneurs in 54 districts of the country through 13 banks and non-bank financial institutions at just 4.0 per cent interest rate.
He expressed deep gratitude to the officials of SME Foundation and the banks and non-bank financial institutions concerned, especially BRAC Bank and IDLC, for disbursing the loan in less than two months.