BB likely to increase SME loan to women entrepreneurs

Posted by BankInfo on Fri, Jul 03 2015 10:19 am

Abu Sazzad :Bangladesh Bank is likely to increase the small and medium enterprises (SMEs) loans among the women entrepreneurs across the country. In this regard, Bangladesh Bank issued a circular recently, for all the chiefs of financial institutions to attend a meeting. The meeting may be held on July 6 or 7, according to the banking sources.During the first quarter (January to March) of the current year, all financial institutions disbursed SME loan of Tk 26,140.08 among 2,10,800 entrepreneurs.Out of the total SME loan disbursement, only Tk 886.73 crore was distributed to the women entrepreneurs.  The role of small and medium enterprises (SMEs) by women entrepreneurs is vital for overall economic growth of any country. With the help of SMEs, Bangladesh deliberately wants to assist women entrepreneur to empower in the society by providing adequate financial assistance, said Sukumol Sinha Chowdhury, SME Consultant of Bangladesh Institute of Bank Management (BIBM)."SME development of the women entrepreneurs can reduce the economic disparity from the society, so we have to ensure adequate financial support for the entrepreneurs", said Sukumol Sinha.Bangladesh Bank's Deputy Governor SK Sur Chowdhury said that the central bank is asking and encouraging the scheduled banks to give emphasis on increasing credit supply to the women entrepreneurs.The SME credit would encourage the women entrepreneurs to operate their business smoothly, he said. According to the SME Department of Bangladesh Bank, the SME loan repayment of women entrepreneurs is satisfactory. For this, the central bank wants to ensure more SME loan to the women entrepreneurs, said SME and Special Programmes Department General Manager Swapan Kumar Roy.The aim of the meeting is to provide more SME loan to the women entrepreneurs, said the general manager.

News:New Nation/3-Juny-2015
Posted in Banking, News

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