IFIC Bank to provide loans to registered small traders
The bank will provide loan assistance to the small business owners affected by Covid-19 under the Cottage, Micro, Small and Medium Enterprise (CMSME) bailout package announced by the government.
IFIC Bank Limited and Bangladesh Shop Owners Association have signed a Memorandum of Understanding (MoU) to give loans to registered small traders affiliated with the association.
According to the agreement, the bank will provide loan assistance to the small business owners affected byCovid-19 under the Cottage, Micro, Small and Medium Enterprise (CMSME) bailout package announced by the government.
The MoU was signed at Surma Tower in the capital's Purana Paltan on Thursday, said a press release.
Md Nurul Hasnat, deputy managing director of IFIC Bank, and Md Helal Uddin, president of Bangladesh Shop Owners Association, signed the agreement on behalf of their respective organizations.