ACSPD Circular Letter No. 09: Financing to BroadBand & IT Sector Investing Entrepreneurs from SME Sector

Bangladesh Bank Head Office P.O. Box No. 325 Dhaka Bangladesh www.bangladesh-bank.org.bd

Agriculture Credit and Special Programs Department (Industrial Sub-Department)

Ref No.-ACSPD Circular Letter No. 09 Date 03/11/2008

Managing Director / Chief Executive All Scheduled Banks/Financial Institutions operating in Bangladesh

Dear Sir,

Regarding financing for entrepreneurs investing in the Broadband and IT sector from the Small and Medium Enterprise (SME) sector.

You are aware that, like other countries in the world, the Small and Medium Enterprise (SME) sector has been playing an important role in recent years in achieving economic growth, creating employment, and solving the growing unemployment problem in Bangladesh. A promising aspect of the SME sector is the Broadband and IT sector. Through the expansion of broadband, banks/financial institutions can play a supportive role in bringing dynamism to the country's economic activities, creating employment opportunities, and developing the overall economic and social activities of the country. Recognizing the importance and necessity of broadband, it is desirable to utilize this opportunity as quickly as possible by providing financing to this sector.

In this regard, you are advised to give importance to financing for entrepreneurs investing in the Broadband and IT sector from the Small and Medium Enterprise (SME) sector.

Yours faithfully,

(Md. Abdul Haque) Manager Phone: 7120947