Desk News: Proper utilisation of the credit guarantee scheme is inevitable for the revival of cottage, micro, small and medium enterprises (CMSMEs), said Bangladesh Bank Deputy Governor Abu Farah Md Nasser today.
The BB has created a fund of Tk 2,000 crore as a credit guaranty scheme with a view to giving collateral-free loans, especially to CMSMEs. But of the sum, only Tk 192 crore has been disbursed as of yesterday.
“This is disappointing. Proper utilisation of the credit guarantee scheme is inevitable for the revival of CMSMEs,” said Nasser.
He made the comments at a workshop titled “Issues and Opportunities of CMSME Lending” organised by the Dhaka Chamber of Commerce & Industry (DCCI).
