MTB offers an MSME loan at an interest rate of 4%
MTB is one of the 15 (fifteen) banks participating in this recovery plan
Mutual Trust Bank Limited (MTB) recently signed an agreement with the SME Foundation to disburse a stimulus loan organized by the government of Bangladesh, according to a press release.
MTB is one of the 15 (fifteen) banks participating in this recovery plan of the SME Foundation for micro, small and medium-sized enterprises.
Under this agreement, the fund will be disbursed at an interest rate of 4% to rural and marginal micro, small and medium entrepreneurs, with particular emphasis on marginalized people in rural areas of Bangladesh with a view to raising their standard of living and accelerate recovery from the loss suffered due to the COVID-19 pandemic.
MA Mannan, MP, Minister, Ministry of Planning of the People’s Republic of Bangladesh attended the event as the main guest while Kamal Ahmed Mojumder, MP, Minister of State, Ministry of Industry; Zunaid Ahmed Palak, MP, Minister of State, Ministry of ICT and Zakia Sultana, Secretary, Ministry of Industry were also present as special guests.
Professor Dr Md. Masudur Rahman, President, SME Foundation chaired the event.
Dr Md Mafizur Rahman, Managing Director of SME Foundation and Syed Mahbubur Rahman, CEO of Mutual Trust Bank signed the agreement on behalf of their respective organizations.