RAKUB disburses Tk 654m SME loan in Rajshahi

1 July, 2021 12:00 AM printer

RAJSHAHI: SME Financing Company Limited, a subsidiary company of Rajshahi Krishi Unnayan Bank (RAKUB), has disbursed Small and Medium Enterprise (SME) loan worth Taka 65.41 crore.

The loans were disbursed among 5,979 SME entrepreneurs' aims at promoting the sector in different potential areas of Rajshahi region during the current 2020-21 fiscal year till June 17 last, reports BSS.

The company has set the target of disbursing loans worth Taka 95 crore and recovering loans of Taka 87 crore in the current fiscal. It was revealed in the 33rd virtual meeting of the governing council of the company held at the Board room of RAKUB headquarters here yesterday.

Chaired by Roisul Alam Mondal, chairman of the council and RAKUB, the meeting was addressed, among others, by RAKUB Managing Director Ismail Hossain, council members Golam Mostofa and Professor Rustam Ali Ahmed, RAKUB General Manager Joynal Abedeen and Chief Executive Officer of the company Abdullah Salahuddin Gazi.

Roisul Alam asked the company officials to expedite the SME credit programme through intensifying motivational, awareness building and monitoring activities so that the target group of the people can derive its total benefits.

Terming the promising SME sector as labour-intensive he viewed that successful promotion of the sector could be the effective means of alleviating poverty, generating employment side by side with accelerating economic growth.

SME promotion is very important for reducing the existing gap between rural and urban areas besides recouping the losses caused by the adverse impact of Covid-19 pandemic, he added.

The meeting was told that the SME loan was disbursed among the entrepreneurs in 43 upazilas of Rajshahi, Chapainawabganj, Natore, Naogaon, Pabna, Sirajganj, Bogura, Joypurhat and Kurigram districts.