BRAC Bank has signed a participation agreement with Bangladesh Bank to avail Credit Guarantee facility to support women and agro-based product processing entrepreneurs.
This facility will support women entrepreneurs in small enterprises, and the agro-processing industry under Bangladesh's refinance scheme.
Selim R.F. Hussain, Managing Director & CEO, BRAC Bank, and Nahid Rahman, Director, Credit Guarantee Department of Bangladesh Bank, signed the agreement at Bangladesh Bank Head Office in Dhaka on
March 11.
Nurun Nahar, Deputy Governor; and Mohammad Jamal Uddin, Executive Director, Bangladesh Bank, and Syed Abdul Momen, Deputy Managing Director & Head of SME Banking, BRAC Bank, attended the programme.
The credit guarantee will cover a BDT 3,000 crore refinance scheme for women entrepreneurs and a BDT 1,400 crore refinance scheme for the agro-product processing sector. This scheme will help women and agro-processing entrepreneurs obtain loans without collateral.