Bangladesh Development Bank (BDB) is increasing its SME financing under the Bangladesh Bank’s Taka 600-crore refinancing fund for small and medium enterprises (SME).

BDB and the central bank today signed a participation agreement to this effect in the capital. BB’s general manager for SME and Special Programme Department Sukomal Singh Choud- hury and BDB managing director Dr M Zillur Rahman signed the agreement.

Under the agreement, BDB will share a portion of the fund from the central bank to provide easy loans to SME sector. The central bank earlier formed a Taka 600-crore fund to finance SME through banks and non-banking financial institutions (NBFIs). The BB also signed similar deals with 21 banks and 22 NBFIs. 

The Daily Sun/Bangladesh/ 27th April 2012