In a bid to support the cottage, micro, and small enterprises (CMSEs) mired in financial difficulty caused by Covid-19, Bangladesh Bank approved a credit guarantee scheme (CGS) worth Tk 20,000 crore on July 23, 2020. Subsequently, the CGS Unit of BB issued a circular on July 27 defining the scope and detailing other aspects of the scheme such as, the eligibility criteria for scheduled banks and financial institutions (FIs) as well as for enterprises, application procedure, fee structure, responsibilities of the scheduled banks and FIs, claim settlement, etc.
4y ago