Poket News

ADB approves USD 150 million for small enterprises in Bangladesh

 

  • The Asian Development Bank has approved a USD 150 million loan to Bangladesh to finance the cottage, micro, and small-sized enterprises (CMSEs) operated by youth, returning migrant workers, and rural entrepreneurs, particularly women, who have been hit hard by the COVID 19 pandemic.
  • The loan will be distributed among 30,000 such enterprises by the participating banks in Bangladesh. 
  • The project will facilitate employment creation and help the vulnerable groups to recover from the impact of COVID 19 pandemic.