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Shimanto Bank has signed a participatory agreement with Bangladesh Bank under the Financial Inclusion Credit Guarantee Scheme, enabling small depositors and low-income individuals to access loans without traditional collateral requirements.

The scheme targets account holders with deposits of Tk 10, 50, or 100, marginal and landless farmers, small traders, school banking account holders, and low-income professionals, offering them easier access to financing, according to Shimanto Bank.

The agreement was signed by Mr. Mohammad Azizul Hoque, Managing Director & CEO of Shimanto Bank, and Mr. Muhammad Nazmul Haque, Director (CGD), Bangladesh Bank, in the presence of Mr. Md. Sawkatul Alam, Executive Director of Bangladesh Bank.

Other officials attending included Mr. Mohammad Imam Hossain and Ms. Zobaida Afroze from Bangladesh Bank and Mr. Sanjoy Pal, Sr. Manager (SME Banking), Shimanto Bank.

“This scheme opens doors for those who struggle to get loans due to lack of collateral, helping promote inclusive financing across the country,” a Shimanto Bank official said.

The move reinforces the central bank’s efforts to support financial inclusion and expand access to credit for underserved segments of the population.