MDB IT Uddog a custom-made loan product especially developed for IT based entrepreneurs. IT entrepreneurship is one of the most potential differentiating factors for the long run economic growth rate among countries. That is why we should care deeply about how to make in happen in an efficient and inclusive manner. Entrepreneurship is just another way in which young people who make a living, and is susceptible to the fault line of the gender-segregated division of work. To serve this sector MDB IT Uddog been designed.
This product will meet up funding requirement of the prospective target customers and contribute to achieve the following objectives:
MDB IT Uddog is a timely venture of MDB to stand our position beside the IT Entrepreneurs. Ultimate objective of the product is to have the followings:
|Purpose of loan||:||To foster development of IT sector with bank finance for working capital and fixed asset purchase including civil construction for project building/warehouse/shed etc. Working capital may be extended in the form of RL and TL while fixed assets/construction of factory building/warehouse/shedshall be financed in the form of TL.|
||:||Bank account turnover will be encouraged.|
||:||Loans under this product will be available across the country through various branches/sales outlets of MDB.|
|Eligibility for re-finance||:||Applicable as per Bangladesh Bank rule or agreement with any other re-financing or pre-financing agency/s.|
||:||Up to BDT 5.00 crore including working capital and fixed asset finance. Loan size may be extended based on business viability and repayment capacity of the borrower.|