Trust Bank PLC has partnered with SME Foundation to roll out a revolving credit programme aimed at expanding financing access for cottage, micro, small and medium enterprises across Bangladesh.
The agreement, signed in Dhaka, will enable the bank to disburse loans under the Credit Wholesale Scheme, targeting grassroots entrepreneurs and underserved segments, the organisations said.
Industries Minister Khandaker Abdul Muktadir attended the signing ceremony as chief guest, while Bangladesh Bank Deputy Governor Nurun Nahar and Women Entrepreneurs Association of Bangladesh President Nasrin Fatema Awal were present as special guests.
The event was chaired by Ministry of Industries Secretary and SME Foundation Chairperson Md Obaidur Rahman.
Trust Bank Acting Managing Director and Chief Executive Officer Hasna Hena Chowdhury and SME Foundation Managing Director Anwar Hossain Chowdhury signed the agreement on behalf of their respective organisations.
Under the scheme, borrowers will be able to access loans ranging from Tk1 lakh to Tk25 lakh at a concessional interest rate of 8 per cent.
The initiative is designed to improve credit availability for CMSMEs, a segment often constrained by limited access to formal financing channels.
