Bangladesh Bank has set a target for banks and financial institutions to disburse 27 percent of their total loans to the cottage, micro, small, and medium enterprise (CMSME) sector by 2029.

The move aims to support business growth and employment generation in the country.

As part of a revised policy introduced on Monday, the central bank has expanded access to financing by allowing individuals involved in f-commerce and e-commerce to avail of loans of up to Tk 5 lakh under the scheme.

Additionally, small traders without trade licences will now be eligible for loans of up to Tk 5 lakh, provided they submit alternative business-related certificates.

The policy changes are expected to enhance financial inclusion, particularly for small entrepreneurs who face difficulties in accessing formal credit.