The palli karma-sahayak foundation (pksf) today: signed 12 separate credit guarantee agreements with 11 commercial banks and one financial institution under its Credit Enhancement Scheme (CES), aiming to expand financing for microenterprises across the country.
According to Bangladesh Sangbad Sangstha, the agreements will enable the participating banks and financial institution to provide a total of Taka 2,800 crore in guaranteed loans to PKSF's partner organisations during the 2026-27 fiscal year for financing microenterprises, as stated in a press release. The participating institutions include BRAC Bank, City Bank, Prime Bank, NCC Bank, Trust Bank, Southeast Bank, Mercantile Bank, Commercial Bank of Ceylon, Dhaka Bank, Madhumati Bank, Shimanto Bank and The UAE-Bangladesh Investment Company Limited (UBICO).
Speaking at the signing ceremony held at PKSF Bhaban-1 in Agargaon, PKSF Managing Director (MD) Md Fazlul Kader emphasized that the scheme was introduced to formally engage commercial banks in PKSF's initiative to transform low-income people into entrepreneurs. Under the scheme, PKSF's partner organisations will borrow funds from banks and disburse them to microentrepreneurs, while PKSF will provide the credit guarantee.
"The close monitoring by PKSF will ensure the proper utilisation of the loans," said Md Fazlul Kader, adding that the CES would play an important role in channelling banking sector funds to small and medium entrepreneurs and marginalised communities, thereby promoting inclusive and equitable economic growth.
On behalf of PKSF, Deputy MD Muhammad Hasan Khaled signed the agreements, while the managing directors and deputy managing directors of the respective banks and financial institution signed on behalf of their respective organisations. PKSF formally launched the Credit Enhancement Scheme on July 1, 2025. During its first year, 10 banks and one financial institution joined the programme. Of them, six banks and the financial institution disbursed Taka 1,082 crore in loans through 26 PKSF partner organisations to support microenterprise financing.