Mercantile Bank hosts workshop on Cluster-Based Finance in Rangamati


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Mercantile Bank hosts workshop on Cluster-Based Finance in Rangamati

BM Desk:

Mercantile Bank PLC. recently organized a day-long workshop on Cluster-Based Finance in Rangamati. The workshop aimed to raise awareness about this innovative financing model and its potential to support local businesses and entrepreneurs.

A.B.M. Zohurul Huda, Executive Director of Bangladesh Bank Chattogram Office, inaugurated the workshop as the chief guest. Md. Zakir Hossain, DMD & Head of Chattogram Zonal Office, Mercantile Bank PLC., presided over the program.

Distinguished guests at the event included Md. Iqbal Hossain (Additional Director, Bangladesh Bank Chattogram Office), Sabir Chakma (Member, Rangamati Zilla Parishad), Md. Saifur Rahman (Deputy General Manager, Sonali Bank PLC.), and Abdul Wadud (President, Rangamati Chamber of Commerce).

Shyamal Kanti Barua, Head of Mercantile Bank Rangamati Branch, and other representatives from banks, non-bank financial institutions, and local businesses also participated in the workshop.

The workshop addressed various aspects of Cluster-Based Finance, including: Participants gained a clear understanding of this financing model and its benefits for cluster development, highlighted how this model can provide access to finance for small and medium-sized enterprises, promoting their growth and development, and showcased real-world examples of successful implementation of Cluster-Based Finance, providing valuable insights for local stakeholders.

Also the workshop addressed the challenges associated with implementing this model in Bangladesh and discussed potential opportunities for overcoming them.

The workshop generated significant interest and engagement among participants, fostering an understanding of how Cluster-Based Finance can contribute to economic growth and development in Rangamati. The positive response reflects the potential of this model to empower local businesses and entrepreneurs, ultimately improving livelihoods and contributing to the overall prosperity of the region.

Mercantile Bank’s initiative demonstrates its commitment to supporting the development of Bangladesh’s economy and its communities. By promoting innovative financing models like Cluster-Based Finance, the bank plays a vital role in creating a more inclusive and sustainable financial ecosystem.


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