BRAC Bank has signed two agreements with Bangladesh Bank to enhance access to affordable financing for cottage, micro, small, and medium enterprises (CMSMEs), reinforcing its commitment to entrepreneurship development and financial inclusion.
The agreements will enable BRAC Bank to extend financing to entrepreneurs in various clusters nationwide and to provide low cost financing support to MSMEs under Bangladesh Bank’s Financial Sector Fund for the Development of MSMEs (FSFDMSME).
Under the Cluster Finance Refinance Scheme, which has a fund size of BDT 3,000 crore, BRAC Bank will provide easy term loans and working capital support to entrepreneurs engaged in various industrial clusters across the country. Eligible businesses will be able to access financing at concessional interest rates starting from 7%, supporting business expansion, productivity enhancement, and employment generation.
The second agreement allows BRAC Bank to participate in the BDT 1,500 crore Financial Sector Fund for the Development of MSMEs (FSFDMSME). Through this scheme, MSMEs in the manufacturing and service sectors will be able to obtain financing at a 7% interest rate. The facility offers loans of up to BDT 1 crore for micro enterprises and up to BDT 5 crore for small and medium enterprises.
Tareq Refat Ullah Khan exchanged the agreement documents with Nawshad Mustafa, Director, SME & Special Programmes Department, Bangladesh Bank, at a ceremony at Bangladesh Bank on May 18, 2026 in presence of Nurun Nahar, Deputy Governor,
Bangladesh Bank.
Husne Ara Shikha, Executive Director, Bangladesh Bank; and Mahbubur Rahman, Head of Cottage, Micro & Small Business (Unit 2), Head of Liability and Cash Management, SME Banking, BRAC Bank; were present.
As the country’s leading SME-focused bank, BRAC Bank with refinancing support from Bangladesh Bank continues to play a pioneering role in widening access to finance for grassroots entrepreneurs, supporting business growth, employment creation, and sustainable economic development across Bangladesh.