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Bank Asia distributes Tk 5cr to CMSMEs

Bank Asia has distributed the Tk five crore to CMSME entrepreneurs as a partner of “Credit Wholesaling Program” of SME Foundation under the 2nd stimulus package announced by the Government, said a press release.

Industries Minister Nurul Majid Mahmud Humayun, MP was present as the chief guest of the program that took place at the Auditorium, Ministry of Industry.

Kamal Ahmed Majumder, MP, State Minister, Zakia Sultana, Secretary, Ministry of Industries and Md. Arfan Ali, President & amp; Managing Director, Bank Asia Ltd., were present there as special guests, the release said.

Dr. Md. Mofizur Rahman, Managing Director, SME Foundation moderated the program. The cheques were distributed to a total of 89 entrepreneurs including 8 who were physically present.

Mr. Mohammad Ziaul Hasan Molla, Deputy Managing Director and Mr. Md. Shaminoor Rahman, Head of MSME & Agriculture Division, Bank Asia Ltd., along with other officials of Bank and SME Foundation, were also present at the program.

Entrepreneurs are benefitted with loan facility @ 4% interest which needs to be reimbursed through 24 equal monthly installments’.

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