Prime Bank has achieved 100 percent loan disbursement target under the Government's Stimulus Package for Cottage, Micro, Small, Medium Enterprises (CMSME) ahead of Bangladesh Bank set deadline of December 31, 2020.
Prime Bank has disbursed BDT 250 crore to 2,388 CMSME customers, a target stipulated by Bangladesh Bank, said a press release issued by Prime Bank on Tuesday.
The bank is making proactive efforts to help micro, small and medium businesses hit hard by the Covid-19 pandemic secure much-needed funding.
The financing with subsidized interest rate will greatly assist the businesses to overcome the losses due to the pandemic, the release added.
This easy term credit aims to aid the CMSMEs to make a strong comeback after the onslaught of the unprecedented disruption to business due to the pandemic.