BRAC Bank, under Bangladesh Bank’s guidance, organized a CMSME Cluster Financing Workshop in Gaibandha to enhance financing to the growing industrial hubs.
As the lead bank, BRAC Bank hosted the event per Bangladesh Bank’s directive. All banks operating in the district participated in this interactive event to enhance industry-bank collaboration, identify more clusters, and increase financing flow.
Md Mortuz Ali, Executive Director of Bangladesh Bank Bogura Regional Office, attended the event as the chief guest. Syed Abdul Momen, Deputy Managing Director & Head of SME Banking; Alomgir Hossain, Head of Small Business (Central), SME Banking; Biplab Kumar Biswas, Head of Small Business (North),SME Banking; Fazlul Kabir, Regional Head, North Bengal, Distribution Network, BRAC Bank; and senior officials and branch managers of different banks were present at the workshop held at a hotel in Gaibandha town on March 05, 2024.
Mohammad Ahsanul Kabir, DGM of Sonali Bank; Md. Mohabbat Ali Biswas, Zonal Manager (DGM) of Rajshahi Krishi Unnayan Bank; Robin Chandra Roy, Assistant General Manager of Bangladesh Small and Cottage Industries Corporation (BSCIC) and Maksuder Rahman, President of Gaibandha Chamber of Commerce were present as the special guests.
Bangladesh Bank has assigned different banks to host such workshops on cluster financing as lead banks in various districts throughout the year. BRAC Bank has become the lead bank in Lakshmipur and Gaibandha.
Several industry clusters in Bangladesh generate significant industrial output, create employment and play a catalytic role in economic development. Pirojpur, Jashore and Khulna are home to cricket bat clusters, Dhaka, Chattogram, Bhairab, and Brahmanbaria are famous for leather clusters, Gaibandha and Pabna are renowned for hosiery, Tangail and Sirajganj for power loom and textiles, Bhairab for shoes, Satkhira for medical products, Bogura’s Dhunot and Dupchanchia for blanket, Jashore and Bogura for light engineering and Moulvibazar for Agar-Atar industries.
Easy access to financing can help CMSME industries flourish in different industrial clusters in the country. Collaboration among government bodies, entrepreneurs and banks can uplift clusters and allow them to contribute significantly to the manufacturing sector and national development.
