Write a draft of the minutes of the Board meeting of your bank in which SME loan facilities were approved.
Posted by Ripon Abu Hasnat on Wednesday, May 28, 2014 | 0 comments
Ref: Board Meeting/Minutes/SME/M-39/12
Strictly Confidential
Sunday, May 02,
2012
MINUTES OF THE BOARD MEETING IN WHICH SME LOAN
FACILITUIES WERE APPROVED
In pursuance of the
Circular Number 33 dated 12 March 2012 of Bangladesh Bank and in accordance
with the government’s directive to encourage entrepreneurs in Small and edium
Enterprises (SME) One Bank in its 025th Credit Committee meeting held on May
12, 2012 recommended, which has been approved by the Managing Director, to
disburse a total amount of Taka 500 crore among at least 5000 entrepreneurs as
SME loans under the following terms and conditions. The details of the loan
scheme are mentioned in Annexure A, B and C. The recommended SME loan scheme is
placed for approval by the Board of Directors in the meeting being held on May
02, 2012:
Loan Ceiling: BDT 3 lac to 12 lac
Maximum Loan
amount: Required loan amount, but not exceeding
Taka 50 lac
Areas of SME: Any manufacturing or service industry and trading that can
employ at least 12 people as wage earners Preference to be given to those trades
and industries which can produce products and services as substitutes of any product
that are imported from abroad.
Product Type: Equated Monthly Installment (EMI) or Single Installment
Tenure: EMI in 12 to 36 months or by a Single Installment
Interest Rate: 13%
Security: Hypothecation on assets, two personal guarantees & post
dated cheques
MEMO NO-39/12
RESOLVED: All the members of the Board present in the meeting held on May 02,
2012 thoroughly have discussed each and every term and condition of the
proposed SME Loan cheme and unanimously approved the same to be made effective
from the first day of July, 2012. The Board however approved Taka 1200 crore,
instead of Taka 500 crore to be disbursed among as many entrepreneurs as
possible instead of among 5000 entrepreneurs, each with a minimum of Taka 5,
00,000. Any SME loan above Taka 12, 00,000, the Board decided, has to be
approved by the Managing Director and any SME loan exceeding Taka 30, 00,000 by
the Board.
X
Board Secretary
Chairman, Board of
Directors
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