Regulatory Alerts2015-12-02
Added · Updated
SMESPD Circular Letter No. 06: Regarding Correction of Refinancing Fund for New Entrepreneurs in Cottage, Micro & Small Sector
The document amends Paragraph 4.3.4(d) of SMESPD Circular Letter No. 4/2015 dated July 14, 2015, by specifying that new entrepreneurs applying for loans must hold a certificate of successful training in entrepreneurship development, business management, marketing, or other technical areas from a government or private enterprise development institution approved by Bangladesh Bank. It officially recognizes 28 specific institutions for this purpose, as listed in Annexure-B, and mandates that scheduled banks and financial institutions consider certificates issued by these recognized entities when processing new entrepreneur loans. All other provisions of the referenced circular and letter remain unchanged.