CMSME Refinance Scheme for Credit Feasibility

The Bangladesh Bank, the central bank of Bangladesh, periodically announces various refinance schemes to support different sectors of the economy. These schemes are typically aimed at providing financial assistance and support to specific industries or segments that are considered vital for economic growth and development.

The specific details of any refinance scheme offered by the Bangladesh Bank can vary depending on the prevailing economic conditions, government priorities, and the needs of the targeted sectors. These schemes may include provisions for subsidized interest rates, flexible repayment terms, and other incentives designed to encourage borrowing and investment in priority areas.

For the most accurate and up-to-date information on any refinance schemes currently being offered by the Bangladesh Bank, it would be recommend checking the official website of the Bangladesh Bank or contacting them directly for details on any currently available programs. Additionally, you may find information through official announcements, press releases, or publications from the Bangladesh Bank’s website.

The CMSME Department of BB

The Cottage, Micro, Small, and Medium Enterprise (CMSME) Department of Bangladesh Bank focuses on promoting and supporting the development of small and medium-sized enterprises (SMEs) in Bangladesh. It plays a crucial role in providing financial services, policy support, and capacity-building initiatives to help these enterprises thrive and contribute to the country's economic growth.

The SME Credit Feasibility scheme of Bangladesh Bank aims to provide financial support and assistance to small and medium-sized enterprises (SMEs) by assessing the feasibility of their proposed projects. This scheme typically involves evaluating the viability, profitability, and sustainability of SME projects to determine their eligibility for credit facilities provided by banks and financial institutions regulated by Bangladesh Bank. The goal is to facilitate access to finance for SMEs, thereby fostering their growth and contributing to the overall economic development of Bangladesh.

Master circular issued by BB allowed banks to charge up to 7 per cent interest on the CMSMEs against the Refinance Schemes:

1. Small Enterprise Refinance Scheme for Women Entrepreneurs
2. Setting up Agro Based Product Processing Industries Refinance Scheme
3. New Entrepreneurs' in Cottage, Micro and Small Enterprise Sector.
4. Shariah Based financing in 'Agro-Based Industry', Small Entrepreneurs' (Including Women Entrepreneur) and New Entrepreneurs' in Cottage, Micro & Small Enterprise Sector.

Circular issued by BB allowed banks to charge up to 4 per cent interest on the CMSMEs against Establishment of Refinance Fund titled ‘Start-up Fund’:

1. Refinance Scheme for Start-Up Fund