DHAKA, Oct 8, 2024 (BSS) - Low-income people and farmers in Sunamganj district have received Taka one crore loans under Bangladesh Bank (BB) Open Loan Programme.

As the lead bank, BRAC Bank organised the event at Shahid Jogot Jyoti Library in Sunamganj town on Sunday, said a press release today.

A total of 26 banks operating in the district participated in this programme.

The Open Loan Programme offers spot loan facilities to individuals in the low-income bracket and farmers ensuring financial inclusion for marginalized communities in rural areas.

Md Iqbal Mohasin, Director of the Financial Inclusion Department (FID) of Bangladesh Bank, Head Office, was the chief guest at the programme.

Biplab Kumar Biswas, Head of Small Business (North), SME Banking Division; and Rezaur Rahman, Regional Head of Sylhet Region, Distribution Network of BRAC Bank were also present at the event.

The Open Loan Programme provided an opportunity for no-frill account holders with Tk 10/50/100, landless farmers, and micro business owners to obtain spot loans ranging from Taka 50,000 to Taka 5 lakh. These loans were made available under BB's refinancing facility, which had a total worth of Taka 750 crore.