Regulatory Alerts2015-02-08
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SMESPD Circular No. 1: Formation of Women Entrepreneur Development Unit in Banks and Financial Institutions to Strengthen Monitoring Activities for the Development of Women Entrepreneurs
The Bangladesh Bank mandates all scheduled banks and financial institutions to establish a Women Entrepreneur Development Unit at their head offices and regional offices within 15 days of the circular's issuance. These units are tasked with monitoring the activities of Women Entrepreneur Dedicated or Help Desks at the branch level and prioritizing the recruitment of female staff. The directive aims to strengthen the monitoring of services for women entrepreneurs, including priority lending to micro and cottage sector enterprises and the creation of new entrepreneurs through promotional activities.
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