Home / Knowledge / News / Leather entrepreneurs receive collateral free loans
Leather entrepreneurs receive collateral free loans
24
Apr '10
With a view to give a fillip to the footwear and leather industry, Janata Bank Ltd (JBL) of Bangladesh recently launched a special loan disbursement program of Tk 70 million for leather-tech graduates and non-graduates.

Seven graduate entrepreneurs, selected through a baseline survey conducted by Bangladesh Bank Governor Mr. Atiur Rahman, would be disbursed Tk 30 million collateral free loans by the Bank under a model pilot project. These graduate entrepreneurs are from Bangladesh College of Leather Engineering and Technology.

Chief Executive Officer and Managing Director of the state-owned Janata Bank Ltd Mr. SM Aminur Rahman informed this while addressing a workshop held at JBL head office. Further he said that the rest Tk 40 million will be provided as house-building loan with collateral.

Moreover, Tk 6 million from bank's Corporate Social Responsibility (CSR) fund will also be provided for capacity building, he informed. Loans and grants will be utilized for dedicated credit lines. In addition to this, bank will also offer facilities such as linkage finance, common finance, relocation of linkage factories, special workers scheme and poverty alleviation scheme.

This pilot project will be conducted by JBL in collaboration with Bangladesh Leather Service Promotion Council (BLSPC) and Bangladesh Leather Service Centre (BLSC).

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: H&M

Apparel/Garments | On 30th Mar 2017

H&M group's sales increase 7% in 3 months to Feb '17

The H&M group's sales including VAT amounted to SEK 54,369 million...

Textiles | On 30th Mar 2017

Vietnam’s textile & garment exports earn $4bn in Jan-Feb

Vietnam earned $4 billion from textile and garment exports in the...

Textiles | On 30th Mar 2017

India Inc should work for July 1 GST roll out: Fin sec

The Goods and Services Tax (GST) will take India into a very exciting ...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search