Alexa Easy loan for idea innovators

Dhaka, Friday   20 September 2019


Easy loan for idea innovators

 Staff Correspondent

 Published: 11:17 PM, 19 August 2019  

File Photo

File Photo

The cabinet has approved the proposal to establish a company called 'Startup Bangladesh Limited' under the Bangladesh Computer Council. The company will provide loans to implement various initiatives in the ICT sector.

A cabinet meeting held in the Prime Minister's Office on Monday morning. Prime Minister Sheikh Hasina presided over the meeting. Later Cabinet Secretary Mohammad Shafiul Alam said about the approval at a press conference at the Secretariat at around 2:30 pm.

He said it will be a government company. The company will be operated with 7 member Directors pannel.

The company will provide loans in the ICT sector. Lending loan will be easier here than from any a bank or other financial sector. It means, you can get money after coming with Idea, he added.

Meanwhile, the meeting approved the proposal of establishing Bangladesh Power Equipment Manufacturing Company Limited, a joint venture between the state-owned Rural Power Company Limited and the Chinese private company Sengen Star Instrument Company Limited.

The company will manufacture various electrical equipment and electric prepaid meters. The equipment will be exported abroad after meeting the demand of the country, the cabinet secretary said.