Midland Bank Limited in collaboration with USHA Foundation, a nongovernmental organisation, disbursed loans directly to the customers of the Jamdani cluster in Narayanganj under cluster-based financing in the CMSME sector.

At the loan disbursement programme, a total of Tk 4.50 crore was sanctioned by Midland Bank.

Of it, Tk 1 crore was disbursed directly to 40 borrowers of Narayanganj's Jamdani cluster.

The funds were disbursed to the entrepreneurs through an open loan disbursement ceremony at the conference hall of USHA Foundation at Tarabo in Narayanganj's Rupganj thana on June 6.

The bank disbursed these loans among the entrepreneurs through the formation of clusters in collaboration with USHA Foundation.

Md Ahsan-uz Zaman, managing director and chief executive officer of Midland Bank Ltd, handed over the cheques to the borrowers as the chief guest on the occasion.

Md Sharafat Ullah Khan, deputy general manager of the SME and Special Programmes Division of the Bangladesh Bank, was present as a special guest.

Among others, Md Tajul Islam, executive director of the USHA Foundation; Md Javed Tareq Khan, head of institutional banking division at Midland Bank, and Md Ahsan Jamil Hossain, head of SME banking division, were also present.