Dhaka, Bangladesh (BBN) – Shahjalal Islami Bank Ltd focused for a newly-introduced SME product for women entrepreneurs at the Banking Fair Bangladesh-2015 aiming to create women businesspersons.

The product titled ‘Prottasha’ will create new women entrepreneurs, Firoz Kamal, the first executive officer of the Shahjalal Islami Bank, told the BBN during the fair.

Bangladesh Bank Governor Dr Atiur Rahman inaugurated the five-day long banking fair on Bangla Academy premises in Dhaka on Tuesday.

Under the product, the women entrepreneurs will get credit facility from the bank with only nine per cent interest rate, Mr Kamal said.

The bank will provide the loan from Islamic refinance scheme operated by the central bank.

The women entrepreneurs will be able to receive maximum BDT 10 lakh from the bank without any collateral security.

The bank, however, will disburse SME loan to all clients with imposing interest rate of 13 per cent to 14 per cent.

The bank had recently decreased the interest rate of SME loan as the women entrepreneurs earlier paid 14 per cent interest rate, Mr Kamal said.

For general client the interest rate is 18 per cent, he added.
The bank is also focusing the school banking and it offers the students free debit card if they open account with the bank.

The savings account holder under the school banking will be able to receive five per cent interest against their deposit.

BBN/JR/ANS