SMESPD Circular Letter No. 06: Regarding Correction of Refinancing Fund for New Entrepreneurs in Cottage, Micro & Small Sector

Ref: Fin. Reg. Dep. Ref No. Phone: 88-02-9512991 Bangladesh Bank Head Office P.O. Box-325 Dhaka. SME & Special Programs Department

SMESPD Circular Letter No. 6 Date: 02 December, 2015 AD 18 Agrahayan, 1422 Bang

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

Dear Sir,

Regarding the amendment/addition to the circular on "Refinancing Fund for New Entrepreneurs in Cottage, Micro & Small Sector".

Reference is invited to Paragraph 4.3.4(d) of SMESPD Circular Letter No. 4/2015 issued on 14 July, 2015, on the subject cited above.

It is mentioned in the said circular that, "The new entrepreneur applying for the loan must possess a certificate of successful training in entrepreneurship development, business management, marketing, etc., or other technical issues (product production, processing, machinery repair, etc.) from any government or private enterprise development institution approved by Bangladesh Bank." In light of the percentage mentioned in the circular, 28 enterprise development institutions have been recognized to provide training to entrepreneurs interested in taking up new ventures (see Annexure-B). The certificates issued by the said institutions will be considered at the time of granting loans to new entrepreneurs.

All other provisions of the relevant circular and circular letters shall remain unchanged.

Yours faithfully,

(Swapan Kumar Roy) General Manager Phone- 9530502 E-mail: swapan.roy@bb.org.bd Phone: 88-02-9530010-75, 9530700-59, Fax: 88-02-9512991, Ref: Fin. Reg. Dep. Ref No.

Annexure-B List of Recognized Institutions under the "Refinancing Fund for New Entrepreneurs in Cottage, Micro & Small Sector"

Serial No. Name of Institution 01 Activity for Reform of Basic Needs (ARBN) 02 Association for Rights and Peace (ARP) 03 Association of Grassroots Women Entrepreneurs, Bangladesh (AGWEB) 04 Bangladesh Association for Social Advancement (BASA) 05 Bangladesh Women Chamber of Commerce and Industry (BWCCI) 06 Bangladesh Human Rights and Resources Development Society (BHRRDS) 07 BASHO (Bangladesh Social Organization) 08 Bureau Bangladesh 09 Bina Moin Society (BMS) 10 Creative IT Limited 11 Dhaka Ahmadiya Mission 12 Dhaka Chamber of Commerce and Industry (DCCI) 13 Mars Solutions Ltd. 14 Micro Industries Development Assistance and Services (MIDAS) 15 Narir Unnayan Forum (Women Development Forum) 16 National Small and Cottage Industries Committee, Bangladesh (NSCIC) 17 Polash Development Project 18 Peace and Rights Development of Society (PRDS) 19 Rural Planning and Developmental Organization (RPDO) 20 Rural Development Academy (RDA) 21 Sasheton Sahayya Sangstha 22 Samata World Foundation 23 Small and Cottage Industries Training Institute (SCITI) 24 Social Development Services (SDS) 25 Sunlight Development Organization (SDO) 26 Thengamara Mohila Sabuj Sangha (TMSS) 27 TIB (Transparency International Bangladesh) 28 Voluntary Organization for Social Development (VOSD)

Phone: 88-02-9530010-75, 9530700-59, Fax: 88-02-9512991, Ref: Fin. Reg. Dep. Ref No.