Bangladesh Bank Allocates 27% Of Loans To CMSMES To Drive Employment Growth1 min read

In a major policy shift aimed at boosting business expansion and job creation, Bangladesh Bank has mandated that 27% of all loans be directed toward the Cottage, Micro, Small, and Medium Enterprises (CMSME) sector over the next five years reportedly.

Announced today (March 17) at a press conference at Bangladesh Bank’s headquarters in Motijheel, the initiative is expected to strengthen entrepreneurship, particularly in e-commerce and f-commerce, while making financing more accessible to small traders.

Key officials at the event included:

  • Mustafizur Rahman, Executive Director of Bangladesh Bank
  • Noushad Mustafa, Director of the SME Department
  • Habibur Rahman, Assistant Spokesperson

Read more: Bangladesh Bank Cracks Down on Weak Banks with Dividend Ban

What’s Changing?

  • E-commerce & F-commerce Entrepreneurs: Individuals in these sectors can now avail loans of up to Tk 5 lakh under the CMSME scheme.
  • Easier Access for Small Traders: Small business owners without trade licenses will also be eligible for loans.
  • Redefining Women-Led Businesses: A business will now be classified as woman-led if at least 20% of ownership is held by a woman and 51% of its workforce consists of women – lowering the ownership requirement from the previous 51% threshold.
  • Dedicated CMSME Loan Management: Banks must set up separate departments to oversee CMSME lending and assess risks more effectively.

By prioritizing small businesses and women entrepreneurs, Bangladesh Bank’s latest policy aims to unlock new opportunities, spur job creation, and strengthen the backbone of the economy.

For more updates, be with Markedium.

Get real time updates directly on you device, subscribe now.

You might also like
Subscribe
Notify of
guest

0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Subscribe to our newsletter
Sign up here to get the latest news, updates and special offers delivered directly to your inbox.
You can unsubscribe at any time

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

0
Would love your thoughts, please comment.x
()
x
SUBSCRIBE TO OUR NEWSLETTER

SUBSCRIBE TO OUR NEWSLETTER

Join our mailing list to receive the latest news and updates from Markedium!

You have Successfully Subscribed!