RAJSHAHI, Jan 16, 2020 (BSS) – SME Financing Company Limited, a
subsidiary company of Rajshahi Krishi Unnayan Bank (RAKUB), has disbursed
Small and Medium Enterprise (SME) loan worth Taka 29.12 crore aims at
promoting the sector in different potential areas of this region during the
first six months of the current 2019-2020 fiscal till December last.
The company also recovered loan of Taka 26.11 crore attaining profit of
Taka 1.09 crore during the same period.
It was revealed in the 27th meeting of the governing council of the
company held at Board room of RAKUB Headquarters here yesterday.
Nazrul Islam, Chairman of the council and the RAKUB presided over the
meeting. It was attended and addressed, among others, by RAKUB Managing
Director AKM Sajedur Rahman Khan and council members Prof Rustam Ali Ahmed,
Muhammad Idrish, Towhida Khatun and Chief Executive Officer of the company
Abdullah Salah Uddin Gazi.
The meeting was told that the SME loan was disbursed among 2,564
entrepreneurs and recovered from 1987 entrepreneurs in 43 upazilas of
Rajshahi, Chapainawabganj, Natore, Naogaon, Pabna, Sirajgonj, Bogra,
Joypurhat and Kurigram districts.
The loans were disbursed with the main thrust of creating an intensive
investment scope for the agro-based SMEs in the light of the government
industrial policy and for supplementing the government’s efforts to attain
food security and economic emancipation.
Various business fields especially software, agro-processing and its
business, agriculture, plantation, fisheries, poultry, tissue culture,
leather goods, health service and diagnostic centres and education services
have been selected for investment as small and medium enterprise loans.
Nazrul Islam asked the company officials to expedite the SME credit
program through intensifying motivational, awareness building and monitoring
activities so that the target group of people can derive its total benefits.
Terming the promising SME sector as labour-intensive he viewed that
successful promotion of the sector could be an 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, he added.