Adb to provide $200m to support women entrepreneurs

The government Wednesday signed a $200 million loan agreement with Asian Development Bank to help small and medium-sized enterprises in rural Bangladesh.

Economic Relations Division secretary (in-charge) Kazi Shofiqul Azam and the ADB country director in Bangladesh Kazuhiko Higuchi inked the loan agreement on behalf of their respective sides at ERD in the city, said a press release.

‘This project will help small businesses and cottage industries in rural areas, especially those run by women, with better access to long-term capital. Rural bank exam The project will also help women entrepreneurs develop skills to manage their enterprises more efficiently,’ he added.


The project primarily focuses on small firms outside the metropolitan areas of Dhaka and Chittagong. Ibps rural bank At least 15 per cent of assistance will be for women

The project includes $2 million in technical assistance from the Japan fund for poverty reduction to help establish incubation facilities with the aim to promote entrepreneurship.

This assistance will also help develop SME clusters that will boost access to long-term financing, and strengthen backward and forward linkages with the formal sector, particularly the export-driven industries.

The Bank and Financial Institutions Division of the Finance Ministry is the executing agency of the project, while the Bangladesh Bank and the SME Foundation are the implementing agencies.

The government today signed a $200 million loan agreements with Asian Development Bank (ADB) to help small and medium-sized enterprises (SMEs) in rural Bangladesh.

Economic Relations Division (ERD) Secretary (In-charge) Kazi Shofiqul Azam and the ADB Country Director in Bangladesh Kazuhiko Higuchi inked the loan agreement on behalf of their respective sides at ERD in the city, said a press release.

“This project will help small businesses and cottage industries in rural areas, especially those run by women, with better access to long-term capital. Regional rural bank list The project will also help women entrepreneurs develop skills to manage their enterprises more efficiently,” he added.

The project primarily focuses on small firms outside the metropolitan areas of Dhaka and Chittagong. Regional rural bank previous year question paper At least 15 percent of assistance will be for women entrepreneurs. Bosomtwe rural bank Priority will be on women engaged in subsistence trade and retail activities, who typically have limited access to finance.

The project includes $2 million in technical assistance from the Japan fund for poverty reduction to help establish incubation facilities with the aim to promote entrepreneurship.

This assistance will also help develop SME clusters that will boost access to long-term financing, and strengthen backward and forward linkages with the formal sector, particularly the export-driven industries.

The Bank and Financial Institutions Division of the Finance Ministry is the executing agency of the project, while the Bangladesh Bank and the SME Foundation are the implementing agencies.