Dhaka, May 24 -- Bangladesh Bank (BB) has relaxed the participation criteria for state-owned commercial and specialized banks under its refinancing facilities, a move aimed at accelerating the flow of credit to the Cottage, Micro, Small, and Medium Enterprise (CMSME) sector.

The SME and Special Programmes Department of the central bank issued a circular to this effect today (Sunday).

According to the circular, the decision was taken to enhance the contribution of the CMSME sector to national economic growth and to expand employment opportunities at the grassroots level.

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