Stimulus loans for CMSMEs: Prime Bank achieves disbursement target

Prime Bank has achieved 100% loan disbursement target under the Government's Stimulus Package for Cottage, Micro, Small, Medium Enterprises (CMSME) ahead of Bangladesh Bank set deadline of December 31, 2020.

The bank is making proactive efforts to help micro, small and medium businesses hit hard by the Covid-19 pandemic secure much-needed funding, a press release from the bank says. 

The press release also states that the financing with subsidised interest rate will greatly assist the businesses to overcome the losses due to the pandemic.

Prime Bank has disbursed Tk250 crore to 2,388 CMSME customers, a target set by Bangladesh Bank.

This easy term credit helps the CMSMEs make a strong comeback after the onslaught of the unprecedented disruption to business due to the pandemic.  

Prime Bank has always been committed to CMSME sector, which is the lifeblood of the economy and vital to employment creation and invigorating the country’s growth engine, the press release further says.