NRBC Bank, Joyeeta Foundation sign deal

NRBC Bank has signed a memorandum of understanding (MoU) with Joyeeta Foundation to provide loans to women entrepreneurs at 5 per cent interest.

Afroza Khan, managing director of Joyeeta Foundation, and Golam Awlia, managing director of NRBC Bank, inked the MoU at the Joyeeta Foundation's office in Dhaka yesterday, a press release said.

Under this special scheme, women entrepreneurs will get a maximum loan assistance of up to Tk 50 lakh.

This loan will be given from the 'Revolving Capital Support Fund' of Joyeeta Foundation which is formed under the special supervision of the prime minister under the Ministry of Women and Children Affairs.

Women entrepreneurs can take this loan in their own name and the association's name. These loan facilities will be provided with or without collateral.

Shahidul Islam, additional secretary and project director of Joyeeta Tower Nirman Project, Harunur Rashid, deputy managing director of the bank, Harunur Rashid, head of SME and agriculture credit department, and Suraiya Rahman, manager of Dhanmondi women's branch, were present.