Empowering Women through Nari Agrani
Nari Agrani, a special credit program launched by Agrani Bank PLC in 2010, stands as a shining example of such an initiative.
Nari Agrani is specifically designed to provide women with access to financial resources, enabling them to start and grow their own businesses. Under this program, eligible women can avail of SME credit at a competitive interest rate of just 9% per annum, with flexible debt-equity participation ratios. Additionally, no collateral is required for loans up to Tk. 1 million, and women can borrow a maximum of Tk. 10 million with the necessary collateral.
The program’s reach extends to all branches of Agrani Bank PLC, ensuring that women across Bangladesh have the opportunity to benefit from this empowering initiative. Since its inception, Nari Agrani has played a significant role in fostering women’s entrepreneurship and contributing to the overall economic development of Bangladesh.
Key Features of Nari Agrani
| Feature | Details |
|---|---|
| Program Type | Special credit program for women |
| Financial Institution | Agrani Bank PLC |
| Financing Category | SME Financing |
| Purpose | Integration of women into development |
| Interest Rate | 9.00% per annum |
| Debt Equity Participation Ratio | 75:25 |
| Collateral Requirement | None for loans up to Tk.1.00 million |
| Maximum Loan Amount | Tk.10.00 million (1.00 crore) |
| Collateral Requirement for Maximum Loan Amount | Necessary collateral required |
| Program Coverage | All branches of Agrani Bank PLC |
Impact of Nari Agrani
Nari Agrani has had a transformative impact on women’s entrepreneurship in Bangladesh. The program has provided women with the financial resources and support they need to start and grow their businesses, leading to increased income generation, employment opportunities, and economic empowerment.
Summary
Nari Agrani stands as a testament to the power of financial inclusion and the potential of women entrepreneurs to drive economic growth and development. By providing women with access to capital and support, Nari Agrani is not only empowering individual women but also contributing to the overall prosperity of Bangladesh.