Interest rate for SMEs to be single digit: Amu

National SME Fair-2016 begins in the capital

The government is taking initiatives to lower the interest rate of the Small and Medium Enterprises (SMEs) loan to single digit through banks and other financial institutions under their refinancing scheme, said Industries Minister Amir Hossain Amu.
He came with the government initiative for further growth of SME sector while addressing an inaugural ceremony of “National SME
Fair-2016” and “National SME Entrepreneurs Award-2016” at Bangabandhu International Conference Centre (BICC) yesterday.
Amir Hussain Amu said: “The National Industrial Policy-2016 will provide necessary instructions to speed up the works of the SME sectors and make it time-befitting.”
The minister said Prime Minister Sheikh Hasina has instructed all to setup industries according to availability of raw materials.
He asked the SME foundation to make more survey and research across the country for fixing up which area will be suitable for which industries.
Amu said the role of women,
especially in the SME sector, is highly appreciable as they are making commendable contributions to the country’s economy.
“The activities of SME foundation are laudable and it is playing a vital role to create womenentrepreneurs,” he added.
He said “Our political promise is to establish sustainable and environment friendly industries andour government is working relentlessly to fulfill
the promise.”
Ministry MA Mannan and Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) President Abdul Matlub Ahmad were present as special guests.
MA Mannan called upon all to take necessary steps to further strengthen the SME Foundation for boosting country’s development.
In the five-day fair, a huge spectrum of locally produced SME goods including leather products, jute-made products, handicrafts, processed agricultural products, electrical and electronic goods, clothes, design and fashion wares and other products is being exhibited in around 193 stalls.
The fair will remain open from 10:00am to 8:00pm every day. Access to fair will be free for all.

Interest rate for SMEs to be single digit: Amu

National SME Fair-2016 begins in the capital

The government is taking initiatives to lower the interest rate of the Small and Medium Enterprises (SMEs) loan to single digit through banks and other financial institutions under their refinancing scheme, said Industries Minister Amir Hossain Amu. He came with the government initiative for further growth of SME sector while addressing an inaugural ceremony of National SME Fair-2016 and National SME Entrepreneurs Award-2016 at Bangabandhu International Conference Centre (BICC) yesterday. Amir Hussain Amu said: The National Industrial Policy-2016 will provide necessary instructions to speed up the works of the SME sectors and make it time-befitting. The minister said Prime Minister Sheikh Hasina has instructed all to setup industries according to availability of raw materials. He asked the SME foundation to make more survey and research across the country for fixing up which area will be suitable for which industries. Amu said the role of women, especially in the SME sector, is highly appreciable as they are making commendable contributions to the countrys economy. The activities of SME foundation are laudable and it is playing a vital role to create womenentrepreneurs, he added. He said Our political promise is to establish sustainable and environment friendly industries andour government is working relentlessly to fulfill the promise. Ministry MA Mannan and Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) President Abdul Matlub Ahmad were present as special guests. MA Mannan called upon all to take necessary steps to further strengthen the SME Foundation for boosting countrys development. In the five-day fair, a huge spectrum of locally produced SME goods including leather products, jute-made products, handicrafts, processed agricultural products, electrical and electronic goods, clothes, design and fashion wares and other products is being exhibited in around 193 stalls. The fair will remain open from 10:00am to 8:00pm every day. Access to fair will be free for all.