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INTRODUCTION
Specific objective: The objectives of the research are to identify the factors that influence the
development and growth of the SME sector. Thus the specific objectives of the study are as
follows:
1
2
3
4
5
This report contains three parts. In first part there is overview of Modhumoti Bank Limited.
In the second part there is broad description of SME programs of Modhumoti Bank Limited.
Last but not the least there is analysis of current situation of the Bangladesh SME programs,
problems and prospectus regarding SME in Bangladesh. There is findings and
recommendation at the end of the report.
CHAPTER-02
LITERATURE REVIEW
Modhumoti Bank Ltd is the newly enlisted Bank in Bangladesh. The bank's vision is to lead the
new generation of local banks by excelling in customer delivery through insight, empowered
employees, smart use of technology etc. Modhumoti Bank Limited is a fourth generation private
commercial bank and commenced its banking operations on September 19, 2013.We serve our
clients with highest level of integrity, transparency and quality; hence we call it Your Access to
Success! Our vision is to lead the new generation of local commercial banks by excelling in
customer delivery through insight, empower employees, smart use of technology and a full range
of highest quality products and services. In order to achieve this, we put high emphasize on
effectively meeting compliance of all regulatory requirements to ensure adequate transparency
on banking activities and also to set the highest ethical standards of professionalism for
protecting the best interest of all our stakeholders.
Modhumoti Bank Ltd focused on developing something unique a Responsible Bank. It means
we will not only strive towards creating a stable financial institution with quality products, but
also the Bank itself will become an integral part of the community, helping others make positive
changes and improve the life of people around us. We want to provide the highest level of
services that you deserve with a smile and a friendly attitude. Thus, we welcome any
propositions, ideas or advice from you regarding the improvement of our service quality, which
we would implement into practice with the best of our abilities.
Table-1
Registered name
Commencement of business
Head office
Chairman
Managing director
No of branches
No of ATM booths
No of SME centers
No of employees
172
Managing Director
Deputy Managing Director
Senior Executive Vice President
Executive Vice President
Senior Vice President
First Vice President
Vice President
First Assistant Vice President
Assistant Vice president
Principle Officer
Senior Executive Officer
Executive Officer
Officer
Assistant Officer
Vision: Our vision is to lead the new generation of local commercial banks by excelling in
customer delivery through insight, empowered employees, smart use of technology and a full
range of highest quality products and services.
MMBL Savings (SB) Account: The Interest Rate for Savings Deposit is 6%. There are four
types of savings, Individual Account, Joint Account, Proprietor Ship Account & Limited
Company Account. The code for SB account is 121. Customers can deposit or withdraw money
from their SB account two times in a week. SB account is essential if anyone wants to apply for a
debit card in MMBL.
MMBL Current Deposit (CD) Account: A minimum initial deposit of Tk.1000/= shall be
required for opening a Current Deposit Account at MMBL .It is popularly identified as Current
Account. Any individual, companies, firm, are eligible to open this type of account in its own
name. Withdrawal of money by the customer from the account shall be allowed only through the
leaves of the cheque book issued by the bank. This is non-interest bearing account. Account
holder can deposit or withdraw money from his/her account any time he/she wants. The code for
CD account is 111.
MMBL Short Term Deposit (STD) Account: This is opened and operated for short term and
for specific purpose like salary payment etc. It is also an interest bearing account and where rate
of interest is generally below the savings rate. The code for STD account is 135.
MMBL Fixed Deposit Receipt (FDR): Fixed Deposit Receipt (FDR) is one, which is repayable
after the expiry of a predetermined period fixed by him. The period varies from 1 month to 12
months. These deposits are not repayable on demand but they are withdrawing able subject to a
period of notice. Hence, it is a popularly known as Time Deposit or Time Liabilities.
Normally the money on a fixed deposit is not repayable before the expiry of a fixed period.
Individuals, Firms, Companies, Associations may open this account. The deposit is taken for a
specific fixed period of time, such as 1 months, 3 months, 6months, 1-year etc.
There are also few schemes MMBL is offering its customers. Such as-
MMBL Double Benefit Scheme (DBS): In this scheme, the time period is 5.6 years. If any
customer deposits an amount of 10,000 or above for (Five years; six months), the customer will
receive double amount of his/her deposited amount. The customer can apply also for loan against
this amount.
Student file: The targeted customers for MMBL are students who want to go abroad for
studying and that who are already studying abroad and want to remit foreign currency for
succeeding semesters. The agencies can also refer students to avail our MMBL ERS service.
Review of other relevant study: Small and Medium enterprises of Bangladesh are a
heterogeneous group of industrial sub sectors comprising mainly of handlooms and handicrafts,
small machine shops, printing press, bicycle and rickshaw assembly, agro processing firms,
wood and steel furniture, small metal work and light engineering, electronics, cartwheels,
footwear, plastic products, textile dyeing and block printing (manual), computer software and
information technology, specialized silk weaving, print shops, small grocery stores, waste paper
collection etc.
Definition of Small Enterprise: Small Enterprise refers to the firm/business which is not a
public limited company and complies
the following criteria:
Serial
Sector
No.
Employed Manpower
(not above)
1.
Service
50,000-50,00,000
25
2.
Business
50,000-50,00,000
25
3.
Industrial
50,000-1,50,00,000
50
Serial
No.
1.
2.
3.
Sector
Employed Manpower
Service
Business
Industrial
(not above)
50
50
150
Again, The Government of Bangladesh has categorized SMEs into two broad classes:
Manufacturing enterprises
Non-Manufacturing activities.
Enterprises
Micro
Small
Medium
Large
No of employees
0-9
10-49
50-99
Above 99
The Ministry of Industries, Government of Bangladesh has identified the following 11booster
sectors;
I. Electronics and electrical
II. Software-development
III. Light engineering and metal-working
IV. Agro-processing/agro-business/plantation agriculture/ specialist farming/tissue culture
V. Leather-making and leather goods
VI. Knitwear and ready-made garments
VII. Plastics and other synthetics
VIII. Healthcare & diagnostics
IX. Educational services
X. Pharmaceuticals/cosmetics/toiletries
XI. Fashion-rich personal effects, wear and consumption goods.
Small and medium enterprise (SME) customers strive to grow by dint of their dedicated and hard
work. However, to sustain the business operation and secure a continual growth, they require
financial support, for this reason Modhumoti Bank has introduced some SME programs. Such
as
Modhumoti GOTI
Modhumoti AGROGOTI
A Modhumoti PROGOTI:
Mudhomoti PROGOTI is a loan facility for small and medium entrepreneurs to
meet capital expenditure of business needs up to BDT 5 core against registered mortgages for
FDR.
The key features of it are:
Investment amount up to BDT 50lac for small enterprise and BDT 5 core for medium
enterprise.
Attractive Interest rate.
Suitable EMI method- Maximum 5 years
Loan takeover facility from other banks
Easy and quick loan processing
Any kind of business having valid trade license, which has been operating at
least 2 or more years.
Sole proprietorship and partnership Entrepreneurs
Age: Minimum 21years to Maximum 65 years.
Registry mortgage of land property, hypothecation on present and future assets, two
personal guarantors and postdated cheque.
B Modhumoti Goti:
Small Enterprises customers are spread all over Bangladesh doing their business in
a dignified manner. MudhomotiGoti is a business loan to meet any kind of urgent
business needs for small enterprises, which provides up to BDT 10 Lac.
The key features of it are: