ZCZC
BSS-18
SME-GUARANTEE-SCHEME
Experts for introducing SME credit guarantee scheme
DHAKA, Nov 15, 2018 (BSS) – Experts at a discussion today stressed
introducing the SME Credit Guarantee Scheme in Bangladesh for developing its
SME sector and reducing banking risk.
They said the SME sector plays a vital role in addressing inequality and
poverty and that is why Bangladesh Bank should put emphasis on the
development of SME sector considering it as a driving force for
industrialisation.
The discussion on “Credit Guarantee Scheme for Promoting Access to
Finance for SMEs” was arranged at the Bangladesh Institute of Bank Management
(BIBM) auditorium in the city.
Bangladesh Bank deputy governor SM Moniruzzaman, BIBM director (Research,
Development and Advisor) Prof Dr Prashanta Kumar Banerjee, former managing
director of Pubali Bank Limited M Helal Chowdhury, BIBM assistant professor
Dr M Mosharraf Hossain and general manager of SME Foundation M Nazim Hasan
Sattar, among others, spoke at the discussion.
Speaking as the chief guest, Moniruzzaman said the role of SMEs is
indispensable for the overall economic development of a country like
Bangladesh.
“Since this sector is labour-intensive with short gestation period, it is
capable of increasing national income as well as rapid employment generation
and achieving Sustainable Development Goals (SDGs),” he said.
The deputy governor said the Credit Guarantee Scheme (CGS) may help banks
share the risk of loan default for a specific type or market of customers and
help enterprises get loans at their expected level with insufficient
collateral.
Helal Ahmed said bankers should provide special focus on SME
entrepreneurs as the sector is playing a vital role in developing the
country.
BSS/PR/KUC/MRI/1715 hrs