IFIC Bank, Bangladesh Shop Owners Association ink MoU
Published : Sunday, 27 September, 2020 at 7:32 PM Count : 174
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.