Bangladesh Bank recently launched a Start-up Fund of BDT 500 Crores

[Mahmud Arif]

Bangladesh Bank recently launched a Start-up Fund of BDT 500 Crores (approx US$ 60 Million) for new entrepreneurs of the country. These loans will be distributed by scheduled banks (under a refinancing scheme), at a maximum interest rate of 4% for a maximum period of 5 years. One entrepreneur shall be eligible for a maximum loan of BDT 1 crore, against his/her original educational and professional certificates as securities (along with personal guarantees).

See the attachment.