IPDC Finance is delighted to announce its participation in the agreement signing ceremony for the third phase of the SME Foundation’s revolving fund loan disbursement program. This initiative aims to disburse an additional BDT 450 crore in loans to Cottage, Micro, Small, and Medium Enterprises (CMSMEs). IPDC Finance plays a pivotal role in this significant financial empowerment effort.
The program is part of the Honorable Prime Minister’s stimulus package and the SME Foundation’s revolving fund, which is dedicated to supporting CMSMEs in Bangladesh in response to the challenges posed by the COVID-19 pandemic. Under this initiative, IPDC Finance will administer loans at a 6% interest rate, with no collateral required for loans up to BDT 10 lakh. The disbursement strategy includes a commitment to allocate at least 30% of the funds to female entrepreneurs and 10% to entrepreneurs within CMSME clusters. The program allows loans up to BDT 25 lakh for entrepreneurs, with a maximum of BDT 50 lakh available to purchase capital machinery.
