• Wednesday, May 18, 2022
  • Last Update : 04:24 pm

BSCIC distributes 50C stimulus loan among micro entrepreneurs

  • Published at 06:28 pm July 8th, 2021
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The loans were distributed among some 926 male entrepreneurs and some 490 female entrepreneurs through 64 BSCIC offices across the country

The Bangladesh Small and Cottage Industries Corporation (BSCIC) distributed Tk50 crore as stimulus loan among the micro and cottage industry entrepreneurs to overcome their financial shock from the Covid-19 pandemic.

The loans were distributed among some 926 male entrepreneurs and some 490 female entrepreneurs through 64 BSCIC offices across the country.

Talking to BSS, BSCIC Chairman Md Mostaque Hasan said that collateral free soft term loans from the stimulus package were given to the affected micro and cottage industry entrepreneurs amid the pandemic.

Only entrepreneurs who were affected and engaged in productive sector have received those loans, he added.


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The BSCIC Chairman informed that the Ministry of Finance had allocated Tk50 crore against the BSCIC under the stimulus package for disbursement of loans among the affected entrepreneurs in the last fiscal year (FY21) and the entire amount has been disbursed within the stipulated timeframe.

Mostaque said that there is a huge demand for loans among the micro and small entrepreneurs and for this the BSCIC has sought Tk2,500 crore more from the Ministry of Finance.

“The entrepreneurs are getting loans from the BSCIC with ease and comfort compared to banks for which there is a huge demand for its loans,” he added.

Meanwhile, the Ministry of Finance has allocated again Tk50 crore against BSCIC in the current fiscal year (FY22) for disbursing loans among the micro and cottage industry entrepreneurs.

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