Written by The Banking Post
Bangladesh Bank has launched a Tk500 crore refinancing fund to support start-up entrepreneurs, allowing eligible borrowers to access loans at a maximum interest rate of 4%.
The official launch took place on 2 September at the Bangladesh Bank head office, where 16 scheduled banks and four financial institutions signed participation agreements. Deputy Governor Nurun Nahar and Executive Director Husne Ara Shikha attended in person, while Governor Dr Ahsan H Mansur joined virtually.
Mohammad Mostafizur Rahman, Director of the SME and Special Programs Department, signed on behalf of Bangladesh Bank, while the participating institutions’ managing directors and SME heads signed for their banks.
Under the revised circular, start-ups can now secure term and working capital loans ranging from Tk2 crore to Tk8 crore. The launch event also discussed plans for an equity investment company to be formed in partnership with 52 banks.
Bangladesh Bank emphasized that supporting the start-up sector is crucial for job creation, innovation, and international partnerships, and expects the fund to streamline financing and drive sustainable development in the sector.
