RAKUB disbursed Tk 25.75-cr SME loan in Rajshahi

RAJSHAHI, SME Financing Company Limited, a subsidiary

company of Rajshahi Krishi Unnayan Bank (RAKUB), has disbursed Small and

Medium Enterprise (SME) loan worth Taka 25.75 crore aims at promoting the

sector in different potential areas of Rajshahi region in last 2018-19

financial year.

The company also recovered loan of Taka 20.22 crore attaining profit of

Taka 4.42 crore in the same fiscal. It was revealed in the 23rd meeting of

governing council of the company held at Board room of RAKUB Headquarters

here yesterday.

Chaired Nazrul Islam, Chairman of the council and the RAKUB, the meeting

was attended and addressed, among others, by RAKUB Managing Director Nurul

Islam and council members Prof Rustam Ali Ahmed and Sayed Kutub and Chief

Executive Officer of the company Foysul Islam.

Nazrul Islam asked the company officials to expedite the SME credit program

through intensifying motivational, awareness building and monitoring

activities so that the target group of people can derive its total benefits.

Terming the promising SME sector as labour-intensive he viewed that

successful promotion of the sector could be the effective means of

alleviating poverty, generating employment side by side with accelerating

economic growth.

SME promotion is very important for reducing the existing gap between rural

and urban areas, he added.

The meeting was told that the SME loan was disbursed among 4,356

entrepreneurs in 43 upazilas of Rajshahi, Chapainawabganj, Natore, Naogaon,

Pabna, Sirajgonj, Bogra, Joypurhat and Kurigram districts.

Main objectives of the loans are of creating an intensive investment scope

for the agro-based SMEs in the light of the government industrial policy and

for supplementing the government's efforts to attain food security and

economic emancipation.

Various business fields especially software, agro-processing and its

business, agriculture, plantation, fisheries, poultry, tissue culture,

leather goods, health service and diagnostic centres and education services

have been selected for investment as small and medium enterprise loans.

Source: Bangladesh Sangbad Sangstha