In order to encourage company expansion and job creation, Bangladesh Bank has established a goal for banks and financial institutions to provide 27% of their total loans to the cottage, micro, small, and medium enterprise (CMSME) sector by 2029.
On Monday, the central bank unveiled an updated policy for the CMSME sector that permits f- and e-commerce participants to apply for loans up to Tk 5 lakh under the program.
Additionally, if they present alternative business-related certifications, small traders without trade licenses will also be eligible for loans up to Tk 5 lakh.
