Central bank launches an innovative grant-and-loan package to nurture young entrepreneurs across all sub-districts. In a decisive move to cultivate micro-entrepreneurship outside major urban hubs, Bangladesh Bank has introduced a targeted financial scheme designed to transform rural business ideas into viable commercial enterprises. Titled “Uddyog: Upazila-Based Young Entrepreneur Search, Identification, and Financing Programme”, the initiative […]

Repeated policy concessions and lenient debt restructuring schemes have failed to contain the mounting distress in Bangladesh’s banking sector, where non-performing loans (NPLs) have crossed the six trillion taka mark. The latest statistics released by Bangladesh Bank depict a worsening financial landscape, with bad debts rising sharply over a single quarter amidst a severe contraction […]