SMEs can now apply for loans under stimulus

BSS, Dhaka

Small and medium enterprises (SMEs) can apply for loans under the government’s incentive package to offset the coronavirus losses from now on.

A virtual press briefing revealed on Saturday that enterprises can apply for loans through Brac Bank, Mutual Trust Bank, Premier Bank, Basic Bank, and IDLC Finance.

Later, they can gradually apply for loans through the remaining banks and financial institutions that have signed an agreement with the SME Foundation.

Md Mafizur Rahman, managing director of SME Foundation, said that despite the target of distributing at least 25% of the loans allocated for women entrepreneurs under the incentive package, the foundation hopes that they will be able to disburse more than 50%.

He added that the goal of the 

foundation is to ensure that more women entrepreneurs will get loans at any cost.