Dhaka, June 3 -- NCC Bank recently signed two participation agreements with Bangladesh Bank to strengthen financing support for Cottage, Micro, Small and Medium Enterprises (CMSMEs) across the country, according to a press release.

Under an agreement, NCC Bank will provide term loans and working capital financing to entrepreneurs from various industrial clusters under Bangladesh Bank's Tk. 3,000 Crore Cluster Finance Refinance Scheme. Under the other agreement, NCC Bank will participate in Bangladesh Bank's Tk. 1,500 crore Financial Sector Fund for the Development of Micro, Small and Medium Enterprises (FSFDMSME). Loans under both schemes will carry an interest rate of 7 per cent.

The agreements were signed at a ceremony held at the hea...