The state owned Sammilito Islami Bank PLC signed a participatory pre-finance scheme agreement of Bangladesh Bank for ensuring the growth and development of leather and leather-goods industry of the country. In presence of Md. Anis Ur Rahman, Deputy Governor of Bangladesh Bank, Md. Zabdul Islam, Director of SME and Special Programs Department and Abedur Rahman Sikder, Managing Director and CEO of Sammilito Islami Bank PLC singed the agreement on behalf of their respective organizations on 1 November 2026, Sunday in a ceremony organized in this regard at Bangladesh Bank Head Office. Nahid Rahman, Executive Director of Bangladesh Bank along with other high officials of both organizations were present in the program.

Under this pre-financing scheme of Bangladesh Bank, a total of Tk. 2,000 crore investments will be sanctioned to support the growth and development of the leather and leather-goods industry that includes funding for the establishment of new tanneries, industrial effluent treatment plants, the renovation, expansion and modernization of existing tannery infrastructure, the construction of new infrastructure and upgrading of existing leather goods manufacturing factory at lower profit rate for different tenure. Furthermore, working capital financing will be made for the procurement of raw materials, payment of salaries and allowances, settlement of utility bills, supporting the operational activities of enterprises related to the leather and leather-goods sector for different periods of time as per the policy formulated in this regard.