Women Entrepreneurs Networking Platform

Directions Website Contact the organization

Women Entrepreneurs Networking Platform WENP

Bangladesh Bank’s FEPD-1 Circular No. 38 dated 23 September 2026 allows Authorized Dealers (ADs) to open and maintain Ta...
23/09/2026

Bangladesh Bank’s FEPD-1 Circular No. 38 dated 23 September 2026 allows Authorized Dealers (ADs) to open and maintain Taka vostro accounts with overseas correspondent banks to facilitate eligible cross-border import and export transactions in Taka without requiring initial inward remittances in freely convertible currencies. Import payments may be credited to these accounts, while export proceeds and other eligible payments may be settled from the balances, subject to documentary evidence, applicable IMP/EXP procedures, exchange-rate conversion, and reporting requirements. Surplus funds may be used for permitted investments in Bangladesh, approved loans to resident entities, or outward remittances in accordance with applicable regulations. ADs may also maintain nostro accounts in non-freely convertible currencies with prior Bangladesh Bank approval. Banks establishing such arrangements must notify Bangladesh Bank, conduct due diligence, and comply with KYC, AML/CFT and other regulatory requirements; all other existing import-export instructions remain unchanged.

Details Link:
https://bangladeshtradeportal.gov.bd/index.php?r=site/display&id=3472

The first five pages of the document introduce the "UDYOG: Upazila-Driven Youth Opportunity for Growth Programme", a Ban...
14/09/2026

The first five pages of the document introduce the "UDYOG: Upazila-Driven Youth Opportunity for Growth Programme", a Bangladesh Bank initiative designed to identify, select, finance, and support promising young entrepreneurs at the upazila level to promote employment, productivity, innovation, and local economic development. The programme covers all legally permissible businesses, including agriculture, food processing, handicrafts, fisheries, livestock, tourism, services, renewable energy, light engineering, and technology-based start-ups. Applicants must be adults aged up to 28 years, permanent residents of the relevant upazila, and have either an existing business, a viable business idea, or a realistic plan to establish a new business; individuals with existing bank/financial institution loans, loan defaulters, government/semi-government/autonomous employees, or applicants providing false information are excluded. The programme will be implemented through scheduled banks, with designated lead banks coordinating applications at upazila and district levels. Selected entrepreneurs may receive blended financing of up to BDT 20 lakh, comprising a 50:50 ratio of bank loan and grant, with each component capped at BDT 10 lakh, based on actual business requirements and the approved expenditure plan. Loans may receive Bangladesh Bank refinancing facilities, while grants will be disbursed alongside the loan through the bank and will not be paid in cash; misuse of funds or failure to repay the loan may result in the grant portion being converted into a loan. The programme also allows lending without collateral, subject to the applicable conditions, and provides for financial literacy, entrepreneurship training, mentoring, assistance with business registration and business-plan preparation, and market linkage support. Applicants can submit applications at any scheduled bank branch in their respective upazila using the prescribed form, along with required documents such as NID, educational certificates, photographs, and proof of permanent residence.

Details Link:
https://bangladeshtradeportal.gov.bd/index.php?r=site/display&id=3430

Address

Ministry Of Commerce, BRCP-1 (Project Office), Level 12 (Westside), Prabashi Kallyan Bhaban, 71-72 Eskaton Garden Road
Dhaka

Website

Alerts

Be the first to know and let us send you an email when Women Entrepreneurs Networking Platform posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Organization

Send a message to Women Entrepreneurs Networking Platform:

Shortcuts

Share

Category