Loading...

ThinkBig Solutions to pilot project for MSMEs


Representational Image Representational Image

The central bank allows a new company, ThinkBig Solutions Ltd, for piloting a receivable digital financing platform for micro, small and medium enterprises (MSMEs) in Bangladesh.

Simultaneously, it issued a guideline to be followed by banks and non-bank financial institutions (NBFIs) in financing MSMEs through the digital platform, disclosed a Bangladesh Bank (BB) circular.

"We've taken the initiative to fill the credit gap for MSMEs in a cost-effective and efficient way, aiming to ensure fair prices of their products," a senior BB official told the FE.

The project will initially be run for one year, he says, adding that its tenure be extended based on success.

Under the guideline, certain transaction limits have been set during the piloting phase.

The maximum amount of investment by a single investor/financier to a single corporate buyer at any point of time will be Tk 50 million.

On the other hand, the maximum amount of investment by a single investor/financier at any point of time will be Tk 200 million.

Besides, the maximum value of a single factoring transaction will be Tk 2.5 million and the maximum amount of investment a single MSME seller can be obtained at any point of time with Tk 10 million.

[email protected]

Share if you like

Filter By Topic