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IFIC Bank, Bangladesh Shop Owners Association ink MoU

Published : Sunday, 27 September, 2020 at 7:32 PM  Count : 174

IFIC Bank, Bangladesh Shop Owners Association ink MoU

IFIC Bank, Bangladesh Shop Owners Association ink MoU


IFIC Bank Limited and Bangladesh Shop Owners Association have inked a memorandum of understanding (MoU) for facilitating sanction of loans to small traders under the Cottage, Micro, Small & Medium Enterprise (CMSME) bailout package announced by the government.

The MoU has been signed at Surma Tower in the capital's Purana Paltan on Thursday, said a press release.

Md Nurul Hasnat, Deputy Managing Director of IFIC Bank and Md. Helal Uddin, President of Bangladesh Shop Owners Association have signed the agreement on behalf of their respective organizations.

Senior officials from both organizations have also been present on the occasion.

Under the MoU, IFIC Bank will provide loan assistance as per Bangladesh Bank's Special Incentive Scheme to registered small business owners of Bangladesh Shop Owners Association who are affected by the COVID-19 pandemic.





GY



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