Dhaka, Jan. 8 -- Shimanto Bank has recently signed a participatory agreement on the Start-up Refinance Scheme of BDT 500 crore with Bangladesh Bank to facilitate start-up CMSMEs.

Under this agreement, the Start-up enterprises will be able to avail a working capital financing facility at 4% interest rate, and that will open new doors of opportunities for Start-up CMSME business, according to a press release.

The agreement signing ceremony was presided over by Ms. Nurun Nahar, Deputy Governor, Bangladesh Bank.

Mr. Nawshad Mustafa, Director (SMESPD), Bangladesh Bank and Mr. Mohammad Azizul Hoque, Managing Director& CEO (CC) of Shimanto Bank, signed the MoU on behalf of their respective organisations.

Senior Officials from both organisati...