Market digest

MTB, SME Foundation ink deal

Staff Correspondent

16 April, 2021 12:00 AM printer

Mutual Trust Bank Limited (MTB) signed an agreement with SME Foundation to disburse stimulus loan arranged by the government recently.

Under the agreement, the fund will be disbursed at 4 percent interest rate to Rural and Marginal Cottage, Micro, Small and Medium Entrepreneurs with special focus on women entrepreneurs, clusters and value chain with a view to accelerating the recovery from the loss incurred due to Covid-19 pandemic.

SME Foundation Managing Director Dr Md Mofizur Rahman and Mutual Trust Bank Managing Director and CEO Syed Mahbubur Rahman signed the agreement on behalf of their respective organisations.