Trust Bank PLC and the Bangladesh Bank signed a bilateral participation agreement to implement Tk 500-crore Start-up Refinancing Fund, aimed at nurturing innovative entrepreneurs and supporting new business ventures in Bangladesh.
Trust Bank managing director and chief executive officer Ahsan Zaman Chowdhury and BB additional director Muhammad Mustafizur Rahman signed the agreement on September 2 at the central bank premises in the capital, said a press release.
Senior officials from both institutions were present at the ceremony.
Under the agreement, Trust Bank will provide start-up entrepreneurs with loans on favourable terms using funds from Bangladesh Bank鈥檚 refinancing facility.
In addition, entrepreneurs will receive essential training, technical assistance, and guidance to help them manage and grow their businesses.
This initiative will enable young entrepreneurs to transform their innovative ideas into reality.
It is also expected to generate new employment opportunities, strengthen the SME sector and contribute significantly to the overall economic growth of the country.
