BASIS signed a Memorandum of Understanding (MoU) with NRB Bank PLC on November 27, 2024, at the bank’s head office. This partnership introduces two flagship offerings for BASIS members: the exclusive start-up financing product “NRB Shuchona” and specialized corporate credit card services for commercial and enterprise purposes.
The collaboration aims to provide BASIS members with easier access to financial resources, fostering entrepreneurship and supporting the growth of the ICT sector. The agreement removes a significant barrier for start-ups by offering collateral-free loans, enabling quick and hassle-free funding to focus on business expansion and innovation. Additionally, tailored corporate credit cards will simplify business expense management, covering costs such as travel, office supplies, and client engagements.
From BASIS, key attendees included M Rashidul Hasan, President of BASIS; Biplob Ghosh Rahul, and Mir Shahrukh Islam, Director of BASIS; Anisul Haq Bhuya, Chairman of the Standing Committee on Member Services and Welfare; Iqbal Ahmed Fakhrul Hasan, Managing Director, Divine IT Limited; and S.M. Zakaria Islam, Executive, Membership. NRB Bank PLC was represented by Md. Shakir Amin Chowdhury, Additional Managing Director; Anwar Uddin, DMD; and senior officials from the SME and Cards divisions.
Speaking at the event, M Rashidul Hasan, President of BASIS, remarked, “This collaboration provides our members with unmatched financial tools, including collateral-free financing and customized credit card solutions, enabling them to manage their businesses more effectively and scale in the fast-evolving ICT industry.”
Shaheen Howlader, DMD of NRB Bank PLC, stated, “We are excited to partner with BASIS to empower start-up founders and tech entrepreneurs by providing dynamic, collateral-free funding opportunities.”
Biplob Ghosh Rahul, Director of BASIS, added, “This MoU marks a pivotal milestone in offering BASIS members’ financial resources tailored to support their growth and stability.”
A.M. Zahed, In-Charge of SME & Agri, and Khaja Wasiullah, Head of Cards, highlighted the diverse opportunities this partnership brings, ensuring BASIS members access innovative SME financing and corporate credit card services.
This MoU reflects a significant step forward in supporting IT entrepreneurs, particularly start-ups, by addressing critical financial challenges and fostering sustainable business growth in the ICT industry.