Muhith proposes token allocation for women entrepreneurs

Finance Minister AMA Muhith today proposed to establish Women Entrepreneurs Development Unit in all banks and non-bank financial institutions including Bangladesh Bank for accelerating development of women entrepreneurship. 

"As in the current budget, I propose a token allocation of Tk 100 crore for this purpose in next year's budget," he said while presenting the proposed budget for the 2016-2017 fiscal.

The minister said the government also planned to initiate credit 
guarantee schemes for small entrepreneurs so that they were not denied bank loans for lack of collateral.

"At the same time, with the help of development partners, we will form a 'challenge fund' to ensure easy access to loans for rural women and under-privileged entrepreneurs," he added.

Source: BSS.