SME loan distribution among women entrepreneurs has decreased

Growth in credit distribution in the overall small and medium industries (SME) sector However, the distribution of loans among women entrepreneurs has decreased. At the same time, new entrepreneurs also reduced the amount of debt distribution. In the first six months of the current year (January-June), SME sector has distributed loans between women entrepreneurs and Tk. 333.33 crore. It was distributed at the same time of the previous year at Tk. 3,842 crore 71 lakh That is, 749 crore 39 lakhs less than the same period last year. In this case, the growth decreased by 24.31 percent. This information was found in central bank sources.

According to the update of the Bangladesh Bank, banks and financial institutions have distributed Tk 83,506 crore 74 lakhs in SME sector during the first six months of this year. Which is 19.86 percent more than the same period last year. In the first six months of last year, the loan was distributed to 69 thousand 669 crore 68 lakh taka. In this year, the target of distributing debt in SME sector has been estimated at 1.33 crore and 853 crore 59 lakhs. Which is 17.93 percent more than last year.

As seen, in the first six months of this year, commercial banks distributed 79 thousand 177 million and 20 million rupees and financial institutions distributed Tk 4,329 crore 53 lakhs. During this period, the rate of distribution of service sector increased by 27.82 percent. In the first six months of last year, the banks and financial institutions have given loans of Tk 10,222 crore to the tune of 7,997 crore two lakh taka in the service sector. During the discussion, SME loan was distributed in the business sector Tk 53,344.66 million. Which is 21.45 percent more than last year. In the industrial sector 12.46 percent increase in the loan distribution was 19 thousand 940 crore seven.

Central Bank is encouraging to increase the debt distribution in this sub-sector, because employment is created directly through investment in industrial sector. However, banks are encouraged to give more loans to businesses at all times. Banks and financial institutions have distribute the highest debt in the year 2017, in the business sub-sector.

According to the report of Bangladesh Bank, 28,892 women entrepreneurs got SME loan in the first six months of current fiscal year. At the same time last year, the number of institutions lending was 19,770. As per the previous year, nine thousand 122 companies got SME loan this year.

At the time of discussion, the number of new entrepreneur organizations declined. During the first six months of the last fiscal year, 77 thousand 601 new institutions got loans, 74,794 institutions got loans this year. New entrepreneurs got loans worth 11,815 crore 18 lakh this year The amount was 12 thousand 607 crores 12 lakhs in the previous year. The number of new women entrepreneur organizations has also increased. Last year, the number of new women entrepreneurs in the country was 3, 158, compared to 8,318 in the same period. But the amount of debt distributed among new women entrepreneurs has decreased compared to the previous year. 499 crore 57 lakhs distributed among new women entrepreneurs during the discussion. Which is 16.05 percent less than the same period last year.