BSS, Dhaka :
Governor Dr Atiur Rahman Sunday said more intervention is needed to support the Micro, Small and Medium Enterprises (MSMEs), especially to the new entrepreneurs.
“BFP-B project will be able to leave its footprint in the areas of framing a conducive policy and regulatory environment supportive to MSME development, and also in introducing credit guarantee scheme for MSEs,” he said while launching the “Business Finance for Poor in Bangladesh (BFP-B) Project” in a city hotel.
Banking and Financial Institutions Division Secretary Dr Aslam Alam, BB Deputy Governor S K Sur Chowdhury, DFID Bangladesh Country Representative Sarah Cooke and David Munro, Team Leader from Nathan Associates among others were present on the occasion.
He said the mutually supportive program components of the BFP-B program which include the Challenge Fund, the Credit Guarantee Fund, and the Policy Component, will help financial inclusion expand substantially in Bangladesh.
The project will work in co-ordination with the regulators to ensure that the overall MSE lending will be conducive to our broad-based growth objective, added the governor.
“The BFP-B will play a key role in nourishing the micro and small enterprises to enhance their productivity and to contribute our economy in firm- footing on inclusive growth base,” hoped Atiur.
He informed the financial institutions are continuously surpassing their self-determined annual target for MSME lending since its inception in 2010.
During the last five years, the governor said, all Banks and NBFIs financed BDT 3,344 billion towards 2.2 million MSMEs; out of which BDT 121 billion were financed towards 109,933 women led SMEs.
Mentioning over 3,00,000 new entrepreneurs were financed over the last five years, Atiur said the MSME sector has successfully created employment for more than 1.5 million people during the period.
Governor Dr Atiur Rahman Sunday said more intervention is needed to support the Micro, Small and Medium Enterprises (MSMEs), especially to the new entrepreneurs.
“BFP-B project will be able to leave its footprint in the areas of framing a conducive policy and regulatory environment supportive to MSME development, and also in introducing credit guarantee scheme for MSEs,” he said while launching the “Business Finance for Poor in Bangladesh (BFP-B) Project” in a city hotel.
Banking and Financial Institutions Division Secretary Dr Aslam Alam, BB Deputy Governor S K Sur Chowdhury, DFID Bangladesh Country Representative Sarah Cooke and David Munro, Team Leader from Nathan Associates among others were present on the occasion.
He said the mutually supportive program components of the BFP-B program which include the Challenge Fund, the Credit Guarantee Fund, and the Policy Component, will help financial inclusion expand substantially in Bangladesh.
The project will work in co-ordination with the regulators to ensure that the overall MSE lending will be conducive to our broad-based growth objective, added the governor.
“The BFP-B will play a key role in nourishing the micro and small enterprises to enhance their productivity and to contribute our economy in firm- footing on inclusive growth base,” hoped Atiur.
He informed the financial institutions are continuously surpassing their self-determined annual target for MSME lending since its inception in 2010.
During the last five years, the governor said, all Banks and NBFIs financed BDT 3,344 billion towards 2.2 million MSMEs; out of which BDT 121 billion were financed towards 109,933 women led SMEs.
Mentioning over 3,00,000 new entrepreneurs were financed over the last five years, Atiur said the MSME sector has successfully created employment for more than 1.5 million people during the period.
