The Bangladesh Bank building at Motijheel Mehedi Hasan/ Dhaka TribuneWomen entrepreneurs can easily entitle for the support fundThe Bangladesh Bank on Sunday amended its Entrepreneurship Support Fund (ESF) guidelines for food processing, agriculture and ICT sectors to make it easier for entrepreneurs. In the amended complete guideline, the BB has included a definition for women entrepreneurs for the first time so that they can get equity support to run their own projects. To boost food processing, agro-based, and information and communication technology projects, the government had introduced a fund named "Equity and Entrepreneurship Fund" in 2000. In 2018, the fund's name had been changed to "Entrepreneurship Support Fund (ESF)," from which a business can get a low-cost loan at maximum 49% of its equity. MFIs could avail loans up to 2% of the total refinancing funds, according to the previous circular.

Source: Dhaka Tribune September 28, 2020 02:49 UTC