ADB approves $150m loan for micro and small ventures
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
The Business Standard

Sunday
February 05, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
SUNDAY, FEBRUARY 05, 2023
ADB approves $150m loan for micro and small ventures

Economy

TBS Report 
18 November, 2021, 03:05 pm
Last modified: 18 November, 2021, 08:39 pm

Related News

  • The supply chain crisis opens door to resilience
  • Loan provisioning eased to boost banks' participation in stock market
  • Hong Kong says 'hello' to woo back visitors after Covid
  • Half of top 20 defaulters from Chattogram: What went wrong?
  • Bangladesh needs to accelerate its ambitious reform agenda for sustainable growth: IMF

ADB approves $150m loan for micro and small ventures

The loan is expected to facilitate the recovery of 30,000 enterprises in Bangladesh

TBS Report 
18 November, 2021, 03:05 pm
Last modified: 18 November, 2021, 08:39 pm
A Bangladeshi construction worker. Photo: ADB
A Bangladeshi construction worker. Photo: ADB

The Asian Development Bank (ADB) has approved a $150 million loan to Bangladesh to help its cottage, micro, and small enterprises run by the youth, returning migrant workers, and rural entrepreneurs, particularly women, who have been hit hard by the Covid-19 pandemic.

The loan to the Bangladesh Bank will be disbursed through the participating financial institutions, and expected to help 30,000 businesses directly, said a press release.

"ADB supports the Bangladesh government's long-term strategy to tackle the country's employment challenges triggered by the pandemic," said ADB Principal Financial Sector Specialist for South Asia Dongdong Zhang.

"Promoting access to finance will help address a critical challenge of easing recovery of vulnerable small-scale businesses from the pandemic fallouts," he added.

The project targets disbursing at least 20% of the fund to the microbusiness led by women. 

Besides, the ADB will provide an additional $900,000 technical assistance grant from its Technical Assistance Special Fund for the Bangladesh Bank and the participating financial institutions to help them strengthen their risk management capacities, business process, and information systems, the release reads.

Bangladesh / Top News

Asian Development Bank (ADB) / loan / COVID-19 / Economic recovery / cottage, micro, and small-sized enterprises (CMSEs)

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Bangladesh likely to get back the money borrowed by Sri Lanka: FM
    Bangladesh likely to get back the money borrowed by Sri Lanka: FM
  • Master plan for futuristic Chattogram city in the making
    Master plan for futuristic Chattogram city in the making
  • Consumers should pay the actual costs to get gas and electricity: PM
    Consumers should pay the actual costs to get gas and electricity: PM

MOST VIEWED

  • The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File Photo
    IMF approves $4.7 billion loan for Bangladesh, calls for ambitious reforms
  • Will reform pledges to IMF work this time?
    Will reform pledges to IMF work this time?
  • Infographic: TBS
    Bangladesh in better position than Sri Lanka, Pakistan to navigate forex crisis: UCB Asset Management
  • Illustration: TBS
    Biz leaders want crisis management, energy security for survival
  • Reconditioned vehicles running out of stock as traders fail to open LCs
    Reconditioned vehicles running out of stock as traders fail to open LCs
  • Despite downturn 3 dozen listed firms plan Tk7,500cr investment
    Despite downturn 3 dozen listed firms plan Tk7,500cr investment

Related News

  • The supply chain crisis opens door to resilience
  • Loan provisioning eased to boost banks' participation in stock market
  • Hong Kong says 'hello' to woo back visitors after Covid
  • Half of top 20 defaulters from Chattogram: What went wrong?
  • Bangladesh needs to accelerate its ambitious reform agenda for sustainable growth: IMF

Features

Aarong never ceases to surprise with their vibrant ensemble perfect for Fagun looks. Photo: Courtesy

Say it with Colours

5h | Mode
Photo: Courtesy

From 'Made in Bangladesh' to 'Designed in Bangladesh'

7h | Panorama
Google must adjust to a world where content is increasingly generated by AI. Photo: Bloomberg

Google will join the AI wars, pitting LaMDA against ChatGPT

4h | Panorama
The megaproject Rooppur Nuclear Power Plant has a debt of Tk90,474 crore. Photo: Courtesy

Projects funded with debt need to be selected prudently, and implemented timely

5h | Panorama

More Videos from TBS

Lack of coordination, policy biggest problems

Lack of coordination, policy biggest problems

1h | TBS Round Table
Industries panicked about continuing stresses on profitability

Industries panicked about continuing stresses on profitability

2h | TBS Round Table
One meal at Tk 20

One meal at Tk 20

2h | TBS Stories
International award at the age of 23

International award at the age of 23

2h | TBS Entertainment

Most Read

1
Leepu realised his love for cars from a young age and for the last 40 years, he has transformed, designed and customised hundreds of cars. Photo: Collected
Panorama

'I am not crazy about cars anymore': Nizamuddin Awlia Leepu

2
The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File Photo
Economy

IMF approves $4.7 billion loan for Bangladesh, calls for ambitious reforms

3
Fund cut as Dhaka's fast-track transit projects on slow spending lane
Infrastructure

Fund cut as Dhaka's fast-track transit projects on slow spending lane

4
Photo: Collected
Court

Japanese mother gets guardianship of daughters, free to leave country

5
Belal Ahmed new acting chairman of SIBL
Banking

Belal Ahmed new acting chairman of SIBL

6
Photo: Collected
Startups

ShopUp secures $30m debt financing to boost expansion, supply chain

EMAIL US
[email protected]
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - [email protected]

For advertisement- [email protected]