Agrani SME Women Entrepreneur Loan

Bangladesh Bank recognizes the vital role of women’s empowerment in national development, acknowledging that half of the country’s population comprises women. Empowering women is seen as an accelerator for the country’s progress. This focus on women’s participation in entrepreneurial activities is emphasized by various stakeholders and development practitioners. A specific study has been conducted to examine the contribution of banks to promoting women entrepreneurship in Bangladesh. The study reveals that women can play a pivotal role in the socio-economic development of Bangladesh as a whole, and especially for women themselves.

Agrani SME, under the SME division of the company, actively promotes a women entrepreneur loan scheme with a dedicated desk. The company offers loans in accordance with Bangladesh Bank’s guidelines and regulations, providing convenient conditions for women entrepreneurs. The following are some of the key guidelines established by Bangladesh Bank and adhered to by Agrani SME:

Key Benefits of Agrani SME Women Entrepreneur Loan

Eligibility	Requirements
Women entrepreneurs	– Minimum of two years of experience in the same line of business. – Monthly cash flow to support the proposed loan installment.
Nature of the Loan	Term Loan
Loan Size	– Minimum Tk. 50,000/-(Fifty Thousand) – Maximum Tk. 20.00 lac (Twenty Lac)
Repayment	Monthly repayment facility.
Security	No collateral security required for loans up to 2.00 Lac (Two Lac).
Loan Period	– Minimum 1 Year. – Maximum 5 years.
Interest Rate	14.00% per annum.
Service Charge	Not Applicable.

Agrani SME Women Entrepreneur Loan Required Documents/Conditions:

• One copy of a passport-size photograph of the borrower/ partners as well as guarantors.
• Copy of National Identity Card.
• Copy of a valid Trade License.
• Declaration of Net Worth of the borrower.
• Duly signed and crossed postdated cheques in favor of the bank branch for each installment and one undated cheque for the full loan value, including full interest, supported by a memorandum of deposit of cheques.
• Financial statement.
• Up-to-date clean CIB report.
• NOC from Directorate of Environment, where required.

Agrani SME ensures a streamlined and hassle-free application process, making it easier for women entrepreneurs to access the funds they need to thrive.

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Frequently Asked Questions (FAQs) for Agrani SME Women Entrepreneur Loan

Q1: What is the Women Entrepreneur Loan program, and who is it designed for?
A1: The Women Entrepreneur Loan program is designed to support women in business. It offers financial assistance and convenient terms for women entrepreneurs to help them grow their businesses.

Q2: What are the eligibility criteria for the Women Entrepreneur Loan?
A2: To be eligible for the Women Entrepreneur Loan, applicants should have a minimum of two years of experience in the same line of business and demonstrate a monthly cash flow to support the proposed loan installment.

Q3: What types of loans are available under this program?
A3: The program offers Term Loans to women entrepreneurs.

Q4: What is the range of loan amounts available through the Women Entrepreneur Loan program?
A4: Loan sizes range from a minimum of Tk. 50,000 (Fifty Thousand) to a maximum of Tk. 20.00 lac (Twenty Lac).

Q5: How is the repayment structured for the Women Entrepreneur Loan?
A5: Repayments are facilitated on a monthly basis, providing flexibility to borrowers.

Q6: Is collateral required for this loan program?
A6: No, collateral security is not required for loans up to 2.00 Lac (Two Lac).

Q7: What is the loan period for the Women Entrepreneur Loan?
A7: The loan period ranges from a minimum of 1 year to a maximum of 5 years.

Q8: What is the interest rate for the Women Entrepreneur Loan?
A8: The interest rate is fixed at 14.00% per annum.

Q9: Are there any service charges associated with this loan program?
A9: No, there are no service charges applicable for the Women Entrepreneur Loan.

Q10: What documents are required to apply for the Women Entrepreneur Loan?
A10: To apply, you will need:

• One copy of a passport-size photograph of the borrower/partners and guarantors.
• Copies of National Identity Cards.
• A copy of a valid Trade License.
• A declaration of the borrower’s net worth.
• Duly signed and crossed postdated cheques for loan installments and one undated cheque for the full loan value, including interest, supported by a memorandum of deposit of cheques.
• Financial statements.
• An up-to-date clean Credit Information Bureau (CIB) report.
• NOC from the Directorate of Environment, if required.