Meghna Bank joins BB’s Tk2,000cr leather financing scheme

Meghna Bank PLC has joined Bangladesh Bank’s Tk2,000 crore pre-finance scheme for the leather and leather goods industries, enabling eligible entrepreneurs to access loans at a concessional interest rate of 7%.
An agreement was signed between the central bank and Meghna Bank at a ceremony held at Bangladesh Bank on Sunday, according to a press release. 
Md Sadiqur Rahman, additional managing director of Meghna Bank, and Mohammad Sohel Miah, SEVP and head of the SME Banking Division, signed the agreement on behalf of the bank.
BB Deputy Governor Md Anis Ur Rahman, Executive Director Nahid Rahman and SME and Special Programmes Department (SMESPD) Director Md Zabdul Islam attended the ceremony along with other senior officials.
The scheme aims to improve access to affordable finance for leather and leather goods entrepreneurs, encourage environmentally sustainable production, strengthen export competitiveness and generate employment.
The bank said it would continue supporting cottage, micro, small and medium enterprises (CMSMEs) and agricultural entrepreneurs by facilitating access to affordable financing through various BB refinance and pre-finance schemes.