(A) Although various banks provide loan assistance to industrial entrepreneurs, small industrial entrepreneurs face considerable obstacles to obtaining loans. Bangladesh Bank has a special fund system to encourage small industries. Under the negotiated funds, small-scale entrepreneurs have the opportunity to obtain loans at short interest and in relatively simple terms. This is known as the SEF Fund. It is to be noted that Bangladesh Bank does not provide SEF loan assistance directly to small industrial entrepreneurs. The loan is given exclusively to small industrial companies in different sectors through the following banks and leasing companies:
(1) One Bank (2) Eastern Bank Ltd. (1) Prime Bank Ltd. (1) Dhaka Bank (3) NCC Bank (3) Uttara Bank (3) Midas (3) IDLC (3) People's Leasing (3) International Leasing (4) Premier Leasing. In order to establish small and medium enterprises, the banks and leasing companies mentioned can be contacted to obtain loan assistance.
Insurance
An industry has to accept two types of insurance policies. For any factory, building, machine, raw material, any owner has to accept a fire and flood policy. This insurance policy can protect an industrial factory during a crisis. And after the factory was opened, the machine had to be policy for import and export of raw materials. You can choose any insurance company you want. Reference: Dr. Nurul Qadir and others (23) SME Business Manual, 1st Edition., Dhaka: Small and Medium Industries Foundation.
Answered by
AL MaMun (4 Golds)
Friday, 06 Sep 2019, 07:08 AM
|