importance of Information Technology and the role it can play in the socio-economic
development of a nation cannot be over emphasized. The world has witnessed
a phenomenal growth in IT over the last two decades, and the countries,
which made a conscious decision to take advantage of such growth, have
made unprecedented progress. To day we are living in the Internet world.
To hasten the growth of information Technology and to attract young energetic
IT professional Janata Bank Limited has launched a credit scheme titled "Financing
Computer Software Development & Data Export". The maximum loan
amount is Tk. 10 million, with debt to equity ratio being 80 : 20.
The rate of interest is 11%. But anybody with export market exposure can
get the benefit at 7% interest rate plus 1% service charge. The main feature of this scheme is
to set up industrial based IT projects for development of software for
data export and that too on a very soft term. Janata Bank Limited has issued detailed
guidelines for facilitating IT entrepreneurs.
Software Development and data export is a specialized job and requires
skill, knack & innovative traits of an individual.
the promoters want to do with the loan?
we can know the interests of the sponsors, their technopreneurial abilities
and IT related expertise we may really help the potential clients in developing
their enterprises through positive support.
loanee (sponsors) should have a degree in Computer Science / or related
subjects like Electronics Engineering, Electrical Engineering, Telecommunication
Engineering, Applied Physics, etc or proven record of managing IT companies.
literate and sponsors having a Diploma in Computer, young energetic and
qualified sponsors whom the Bank consider
fit to take loan.
The sponsors should form a limited company.
having prior experiences in the related field will be given priority.
Limit & Debt-Equity Ratio:
scheme provides maximum of TK.10 million (around US$ 1,44,000). For a loan
up to TK.5 million (around US$ 72,000) debt-equity ratio will be 80: 20
and over TK.5 million (US$ 72,000) the ratio will be 70:30.
of Interest : For detail Rate of Interest on loans and advances, Please
Mode & Period:
years including 6-12 months grace period (Including construction period).
Repayment of half yearly installment with interest compounding for term
loan. Repayment period for working capital loan and export cash credit
is 1(one) year. Interest During Construction Period (IDCP) will be repayable
in 3 (three) yearly installments.
case of regular repayment, the sponsor company will be given 5% rebate
on total interest charged.
collateral security is required. If any loanee willingly shows interest
to provide collateral security, they will be given priority.
Janata Bank Limited, Head Office, Dhaka.
of Loan Application:
application has to be submitted through any one of Janata Bank Limited's 118 designated
branches using prescribed format available in those branches.
Besides, sponsors willing to apply loan above TK.10
million ( around US$ 1,44,000)
may apply to our normal window instead of the existing scheme.
further information, please contact:
Deputy General Manager ,
Janata Bank Limited, Head Office,
Phone- (88 02) 956 8810, 716 9011,
Fax-(88 02)-956 4644,