Bank and financial institution finance in sme sector
from its own fund. For
this Bank and financial institution act as a main source of
sme fund. Also
Bangladesh bank has given some finance under
refinance program . After
perspective of world economic downward to increase the growth of GDP it is
needed to involve people from
all sector of
the
country. For this
reason priority
Has given to increase the less important or neglected sector
of the country such as
agri and micro-medium
enterprise. For more development in sme sector a division named ―sme & special programed division‘‘ has opened in Bangladesh bank which only determine the rules
and regulation for sme development. This division helps in monitoring, provide fund, create
entrepreneur and act as help assistant at development program.
According to Bangladesh bank sme rules
Bank and financial institution have
taken the following program-
*from 2000 considering sme sector
as
agenda for
economic development target
of sme loan disbursement has determined for Bank and financial institution. according to determined target sme loan is disbursing in micro, medium and women entrepreneur.
*every Bank and financial institution follow feasy rules and regulations, take few time during approval , documentation and disbursement of loan considering the favour
of micro and medium entrepreneur.
*every bank has opened sme branch in different locality to expand sme sector.
*different financial institution giving loan amount of 50000/- to 5000000/-to
micro industry/entrepreneur.
*to increase the participation of women in the economic development of country sme
loan is giving them without any
security.
* every Bank and financial institution has opened ―women entrepreneur
dedicated desk‘‘ and appoint sufficient manpower
according to Bangladesh bank
rules and circular.
*
Bank and financial institution has giving cluster
loan under
employment
creation and poverty elimination program ordered by Bangladesh bank.
*bank giving loan to solar
power, waste management plant and brick field at
lower
interest rate under
BB
refinance program.
*BB has implemented green banking rules
for investment in environmentally
viable sector.
*arranging
training for
new entrepreneur at sme sector.
To expand sme loan government and financial institution need to take more practical initiative except the above discussed sector
and then the flow of
economic development of country will continue.