Investment News

Four ESDP graduates secure credit for business

Nov 25, 2019

Four graduates of BIDA’s Entrepreneurship and Skill Development Project (ESDP) will get bank loans to start their businesses in agro-processing, light engineering and distribution. The office of the Deputy Commissioner of Gopalganj organized a coordination meeting on Nov 24 during which several entrepreneurs presented their business proposals to local bank managers. The Bangladesh Krishi Bank, Uttara Bank Ltd and Janata Bank Ltd expressed the interest to finance the business ideas of Sohag Molla, Noman Mahmud, Animesh Gain and Al-Amin Sheikh with loans ranging from Tk 15 lakhs to 30 lakhs. Since its launch in 2019, the ESDP has provided training to 5,000 aspiring entrepreneurs across Bangladesh. Of them, 438 entrepreneurs have started new ventures while 557 expanded their existing business. The project aims to provide theoretical and practical knowledge on investment processes, facilitate access to credit and provide mentorship to 24,000 men and women with innovative business ideas.