Janata Bank’s new loan scheme for shop owners
Star Business Report
Shop owners now can enjoy collateral-free loans up to Tk 3 lakh and with collateral up to Tk 25 lakh from Janata Bank, as the nationalised commercial bank has introduced a new scheme under its small business development programme.The loan to be repayable in 60 instalments in five years will help small entrepreneurs to expand and modernise their shops. The bank has already served a circular in this regard. Entrepreneurs can apply to branches located in divisional and old district headquarters and main branches of new district headquarters for the loan at 11 percent interest rate. “As the central bank has imposed restriction on providing large loans for all NCBs, we are taking such initiatives to promote small entrepreneurs," said the bank’s Managing Director Murshid Kuli Khan.
| 
