As of December 3, banks disbursed about Tk 8,600 crore among 52,000 CMSMEs, according to the central bank’s latest data. Another Tk 1,700 crore of loans have been authorised but are yet to be disbursed. To avert wholesale shuttering of CMSMEs, the government has announced loans at 4 per cent for them. The banks would charge the CMSMEs 9 per cent interest, but the government would be bearing 5 per cent of the interest rate. Disbursement of small loans typically takes longer than large loans, said BB Spokesperson Md.

Source: Dhaka Tribune December 17, 2020 18:33 UTC