Dhaka, Sept. 29 -- Community Bank Bangladesh PLC. has signed a "Participatory Agreement" with Bangladesh Bank to join the Participation Agreement under Financial Inclusion Credit Guarantee Scheme (FICGS).

This agreement is a key initiative aimed to extend credit facilities to 10/50/100 Tk. Account holder marginal/ landless farmers, low income professionals, school banking account holder, small business owner who often face difficulties accessing formal financing due to inadequate collateral, according to a media release.

The FICGS aims to promote inclusive financing by providing credit guarantees against eligible loans, thereby reducing the risk exposure of participating banks and financial institutions.

Md. Sawkatul Alam, Executive Di...