Bangladesh, a third-world developing country, is rich in natural and human resources. Inspite of vast possibilities, the majority people of the country live in hardship-below poverty line as these resources are not being properly tapped, explored and exploited. Physical labour is their only means of earning. A large segment of this populace is active youth force. Many of them are efficient, intelligent and energetic with initiative & drive and have courage to take risks. But they can not uplift their socio-economic condition due to poverty, lack of financial support and other required facilities. Lack of capital compelled many small traders to leave their profession. As a result the unemployment problem has been increasing day by day, and the unemployment youths, finding no avenues of employment, are getting themselves involved in anti-social activities creating threat to the social life.
Islami Bank, as welfare oriented financial institution, is committed to generate employment and bring about an overall improvement in the socio-economic condition of the people and the quality of their life. The Bank, to make effective contribution in this respect, has taken-up a special programme and introduced 'Small Business Investment Scheme' to make the small traders, entrepreneurs and neglected unemployed youths of urban and rural areas self-reliant by providing them required financial support. The following benefits will be achieved through implementation of this Scheme.
q
Gradually
it will help to alleviate poverty and minimise unemployment.
q
It will
help small traders and entrepreneurs to become self-reliant and to improve their
quality of life through capital formation.
q
It will
create opportunity for the unemployed youths to engage themselves in in-come
generating activities.
q
It will
help to expand the market for locally produced goods by increasing productivity
of small traders and entrepreneurs.
Aims
and objects
q
To expand
investment facilities for the small traders and entrepreneurs in urban and rural
areas with a view to raise their level of income and to improve their quality of
life.
q
To
inspire and encourage unemployed youths to establish small business enterprises
and thereby to create opportunities for self-employment for ensuring social
justice and welfare of the people in large scale.
q
To extend
investment facilities to those small entrepreneurs who could not avail any
credit or investment facilities from any bank or financial institutions or
otherwise deprived of from such investment facilities.
Eligibility
of the Clients
q
Investment
clients must be permanent residents of the command area of the branch through
which they intend to avail investment facilities and they must have valid trade
licence and shops or selling centres.
q
Small
business and entrepreneurs, who are already engaged in trade and business but
can not run their operations smoothly for shortage of fund/capital will also be
eligible to avail investment facilities under the Scheme.
q
Investment
shall also be extended to those poor and asset-less unemployed youths who are
honest, efficient, physically and mentally capable with drive and initiative,
specially those who have ability to run business.
q
Besides
the above categories, investment facilities under this Scheme shall also be
extended to small and cottage industries and service sector.
Command
Area
All branches of the Bank are eligible
to extend investment facilities under this scheme within 10 (ten) kilometres
radius of the respective branch.
However, for the deserving and
justifiable cases the Management may extend the command area upto a radius of 20
(twenty) kilometres.
Sectors
of Investment
a)
Livestock
Rearing of milchcow, beef fattening,
raising and rearing of goats and sheep, poultry, ducks and pigeons.
b)
Fishery
Fish cultivation: excavation,
re-excavation and leasing of ponds for cultivation of fish.
c)
Agro-processing
Cane, bamboo and choir products, jute
bags and jute products, spices, ghee, molasses, flour making; oil extraction,
sugarcane crushing, paddy and pulses husking, bee-keeping and honey collection
and processing, food processing and handicrafts etc.
d)
Manufacturing
Garments making, various types of
workshops, container making (plastic, metal, glass etc.), and repairing of
rickshaw, rickshaw van and hood of rickshaw, furniture making, quilt and related
products making, boat building and repairing; blacksmith works, bobbin making
(plastic, metal etc.), manufacturing of spare parts for handloom, candle making,
oil seed crushing machine making, basket making, household, steel iron
implements making, manufacturing of various iron products (wire nail, wire net
etc.), rope making, cap making; chanachur preparation, adhesive making, making
and repairing of bullock-baffalo cart, tanga, ice-cream, school and other vans.
e)
Trading/shop
keeping
Rice-paddy, pulse, salt, pepper,
vegetables, molasses, fire wood, timber, chicken, fish, dry fish, cattle,
banana, onion, betel-nut, betel-leaf, seasonal fruits, bamboo, milk, fartilizer,
tea, potato, coconut, spices, stationary goods, grocery items, lungi, clothes,
saree, mustard seeds and oil, brick, spare parts, ginger, oil, cake, leather,
jute products, second-hand clothes, cotton, peanut, cotton bags, yarn, choir,
bamboo made products, slippers and shoes, seeds and plants, pottery products,
seasonal agriculture products, utensils, wheat, coconut oil, restaurant and
hotel, honey, sugarcane, stove, silver, fish feed, cattle feed, garlic, various
food items, crockery, medicine, hardware, iron and steel items, sweetmeat,
bicycle/rickshaw/rickshaw van parts, glass, watch, electrical goods, books,
under wears, gamsa, towel, shocks, handkerchief, leather goods, aluminium and
other household items, homeo-medicine, optical, bakery item etc. shops, tea
stall, stall of magazine/news paper, shoe store.
f)
Transport
Purchase of rickshaw, rickshaw van,
bullock cart, buffalo cart, tanga, country boat and motorised boat.
g)
Services
Laundry, flour mill, repairing shop and
workshop, motor pumping shop, spice grinding mill, paddy-pulse husking mill, saw
mill, dying and printing, signboard painting shop, yarn twisting factory, watch
repairing shop; television, radio and other electronics repairing shop,
refrigerator repairing shop; mustered oil processing shop.
h)
Agriculture
Implements and Forestry
Purchase of hand tubewells,
farming and plantation; vegetable garden, sugarcane, litchi garden, mango and
jack-fruit, betelnut, guava, pineapple and fruit garden; purchase of seed and
sapling, silk cocoons, bee-keeping, honey collection and processing.
i)
Miscellaneous
Computer for printing, packaging, training and other
purposes(except trading), Photostat machine, graphic camera & contact
machine for graphic printing, machineries of repairing & manufacturing work
shop, sewing and other machines for tailoring shop, machineries for ball pen
industry, any other machineries or equipments deemed suitable by the Branch for
income generating activities.
Ceiling of Amount
q
For
Dhaka & Chittagong
: Maximum
upto Tk. 1,00,000/- per client Metropolitan Branches
depending upon their requirements.
q
Branches
in other Divisional
:
Maximum upto Tk. 75,000/-
per client
District
Head Quarters depending upon their requirements.
q
Branches
other than Divisional
:
Maximum upto Tk. 50,000/- per client
& District Head Quarters depending upon their
requirements.
Mode of Investment
A. Hire Purchase Shirkatul Meelk
:
For all kinds of machineries i.e.equipments &
transport sector.
B. Bai-muajjal-TR :
For trading shop keeping,
agro-processing and
raw
materials for manufacturing purposes.
Period of Investment
q In
case of HPSM :
Maximum 24 months. q In
case of Bai-muajjal-TR
:
Maximum 12 months.
Client's Equity
q For
HPSM investment
: Maximum
20% on cost price of the Machineries/vehicles.
q For
Bai-muajjal-TR
:
Nil.
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