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| Small & Medium Enterprise Investment |
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| Product Name |
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PROTTASHA |
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| Target Group |
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Small sized trading, manufacturing and service oriented business concerns |
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| Purpose |
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To purchase fixed assets (except land and building) for an existing business |
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To meet working capital requirements of an existing business |
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| Location of business |
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The business should be located within the operating areas of our branches/ SME Service Centres across the country |
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Ideal location should be in a area where SME Officials can easily monitor the business from time to time |
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| Legal entity |
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Sole Proprietorship |
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Partnership |
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Private Limited Company |
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| Eligibility of Enterprise |
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Should have valid trade license and other special license(s) (if required) |
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Must be in operation for last 1 (one) year in the same location |
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Is situated in good location |
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Is not engaged in seasonal business |
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Major portion of sales must be done in cash, not in credit |
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Should not deal with such products/services which are illegal and harmful to the environment and/or public health |
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Enjoying investment facilities from other financial institutions/NGOs will not be considered |
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Business that does not require to maintain reasonable stock (like hotel, saloon, sweetmeat shop etc.) will be eligible for investment to purchase fixed assets only |
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| Eligibility of Entrepreneur/ Owner |
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Must be Bangladeshi citizen |
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Age between 20 to 55 years at the time of application |
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Must have minimum 2 years of experience in the same line of business |
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Must have full control over the business |
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Must be technically sound |
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Government employees will not be considered |
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Employees of private organizations may be considered subject to obtaining necessary permission from employer and submission of NOC in this regard |
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Must possess good character and people should speak high of him/her in the community |
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Must have good payment record with suppliers and creditors |
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Must have good health and physically fit to run the business |
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In case of private limited company, the Managing Director must have minimum 2 years of experience in the same line of business |
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| Ceiling of Investment |
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Tk. 2.00 lac to Tk. 5.00 lac without collateral |
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Tk. 5.01 lac to Tk. 30.00 lac with collateral
(Based on good repayment performance of the client, limit may be enhanced upto Tk 50.00 lac) |
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| Mode of Investment |
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Lease/Hire Purchase/Hire Purchase under Shirkatul Meelk – for fixed assets |
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Bai-Muajjal (term) – for working capital |
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| Investment Ratio |
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In case of asset purchase: Maximum 70% of the purchase price of the asset |
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In case of working capital: 75% of Net Working Capital requirement |
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| Tenor |
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Minimum 12 months and maximum 24 months - up to Tk. 5.00 lac |
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Minimum 12 months and maximum 36 months - above Tk. 5.00 lac |
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| Profit Rate |
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For 1st time Investment: 18.00% p.a. |
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For Repeat Investment: 17.00% p.a. |
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| Charges and Fees |
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Service charges will be 1.50% on investment amount (minimum Tk. 3500.00) plus 15% VAT |
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Processing fees Tk 200.00 plus 15% VAT |
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Stamp Charges at actual |
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All these charges will be realized from client’s account before disbursement |
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| Repayment Method |
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Investment will be realized by equal monthly installment (EMI) basis |
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EMI will be realized from client’s account maintained with SJIBL |
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First installment will fall due after 30 days from the date of disbursement |
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No grace period will be allowed |
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