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
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
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
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
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