BRAC Bank, BASIS introduce ‘Digonto’

Staff Correspondent

23 September, 2020 12:00 AM printer

BRAC Bank and Bangladesh Association of Software and Information Services (BASIS), have launched a special financial package titled ‘Digonto’ for extending support to the BASIS members.

The package will enable the ICT and ITES companies with wider access to finance, business expansion, and fixed-asset purchases, said a press release.

BRAC Bank Managing Director and CEO Selim RF Hussain and BASIS President Syed Almas Kabir co-hosted ‘Digonto’ through a virtual launching programme on Saturday.

Salman F Rahman, Advisor to the Prime Minister on Private Sector Industry and Investment joined the programme as the chief guest.

Bangladesh Bank Deputy Governor Ahmed Jamal and FBCCI President Sheikh Fazle Karim were special guests at the event.

BRAC Bank Head of SME Syed Abdul Momen presented the “Digonto” package to the audience and explained how the model will support the BASIS members.

With “Digonto” package, BRAC Bank will grant unsecured and partially-secured loans up to one crore taka to the eligible BASIS members.

This is a unique funding initiative aimed to support the ICT sector in Bangladesh.

Thanking both BASIS and BRAC Bank for taking up this initiative Salman F Rahman said, “The IT sector is undoubtedly one of the key role players in realising the vision of a Digital Bangladesh. Only the visionary banks and organisations can take such a bold step and offer such a comprehensive and structured package to extend support for this promising industry. I believe that this will be an example for others to follow.”