Prime Bank PLC signed a participation agreement with the Bangladesh Bank to implement Tk 500-crore Start-up Refinancing Fund aimed at fostering entrepreneurship and supporting emerging business ventures across the country.
The signing ceremony took place recently at Jahangir Alam Conference Hall of the Bangladesh Bank.
Prime Bank deputy managing director M Nazeem A Choudhury and BB additional director Muhammad Mustafizur Rahman signed the agreement.
Senior officials from both institutions were also present at the event.
Under this agreement, Prime Bank will extend financing to start-up entrepreneurs on easy terms through the Bangladesh Bank鈥檚 refinancing facility.
Alongside financing, the bank will provide training, technical assistance and advisory services to help entrepreneurs manage and scale their businesses more effectively.
M Nazeem A Choudhury said, 鈥楾his collaboration with Bangladesh Bank demonstrates our shared commitment to nurturing innovative entrepreneurs and supporting the country鈥檚 CMSME sector.鈥�
鈥楤y facilitating access to finance and capacity-building support, we aim to transform entrepreneurial ideas into thriving businesses that will generate employment, strengthen the CMSME ecosystem and contribute to Bangladesh鈥檚 sustainable economic growth,鈥� he said.
