Bangladesh Bank, Prime Bank sign deals to boost CMSME financing

Dhaka: Bangladesh Bank and Prime Bank PLC signed participation agreements under the Cluster Financing Scheme and the Financial Sector Fund for the Development of MSMEs (FSFDMSME) to improve access to finance for CMSMEs in Bangladesh.

The initiatives include a BDT 1,500 crore revolving fund for MSME expansion and modernization, alongside a BDT 3,000 crore Cluster Financing Scheme aimed at strengthening business clusters and improving market access.

The signing ceremony was attended by senior officials from both institutions, including Bangladesh Bank Deputy Governor Nurun Nahar and Prime Bank Acting CEO Faisal Rahman.

Speaking at the event, Faisal Rahman said the schemes would help empower entrepreneurs, support sustainable business growth, and strengthen cluster-based enterprises across the country.

Both organizations reaffirmed their commitment to implementing the initiatives transparently and efficiently to benefit CMSME entrepreneurs nationwide.