The Bangladesh Bank has issued a stern warning to 14 banks and two non-bank financial institutions (NBFIs) for failing to accomplish their Covid-19 stimulus loan disbursement targets in the cottage, micro, small, and medium enterprise (CMSME). Calling for clarifications, the Central bank further said that punitive measures would be initiated against them if they failed to meet the prescribed target in this fiscal year.
Last year, the Bangladesh Bank had announced a Tk200 billion stimulus package for the CMSME sector. Unfortunately, the 14 banks and two NBFIs mentioned above have met less than 50% of their disbursement targets until June this year.
