Midland Bank PLC. (MDB) has signed a refinance participation agreement with Bangladesh Bank to implement the BDT 3,000 Crore Cluster Financing Scheme and the BDT 1,500 Crore Financial Sector Fund for the Development of Micro, Small, and Medium Enterprises (FSFDMSME). The initiative aims to promote entrepreneurship and support the sustainable growth of cluster-based and CMSME enterprises across Bangladesh.

The agreement signing ceremony was held on May 18, 2026, at the Jahangir Alam Conference Hall of Bangladesh Bank. Ms. Nurun Nahar, Deputy Governor of Bangladesh Bank, attended the event as the Chief Guest. Mr. Nawshad Mustafa, Director of SMESPD of Bangladesh Bank, and Mr. Imtiaz U. Ahmed, Managing Director & CEO of Midland Bank PLC., signed and exchanged the agreement documents on behalf of their respective organizations.

Under the agreement, Midland Bank PLC. will provide financing facilities to eligible cluster entrepreneurs and CMSME enterprises at a concessional interest rate of 7% under Bangladesh Bank’s refinance scheme. Both term loans and working capital financing facilities will be available to support the growth and expansion of small businesses and entrepreneurs across the country.

The initiative is expected to enhance financial inclusion, encourage entrepreneurship development, generate employment opportunities, and strengthen the CMSME sector, which plays a vital role in Bangladesh’s economic growth and development.

Among others, Mr. Mohd. Javed Tarek Khan, Head of Institutional Banking Division; Mr. Ahsan Jamil Hossain, Head of SME Division of Midland Bank PLC.; and senior officials from Bangladesh Bank and Midland Bank PLC. were present at the ceremony.