Mutual Trust Bank (MTB) and OneTrvlue Limited have signed a strategic agreement aimed at expanding green financing in the Small and Medium Enterprise (SME) sector. The agreement was signed on Thursday (November 12), according to sources familiar with the matter.

Core Objectives of the Agreement

Under this agreement, small and medium entrepreneurs across the country will gain access to long-term financing facilities at concessional interest rates for green industrialization. The primary objective of this initiative is to encourage investment in environmentally friendly technologies and sustainable enterprises.

Financing Structure

According to the agreement, MTB will offer special green financing packages to its customers, while OneTrvlue will provide technological support and platform services. Through this partnership, SME entrepreneurs will be able to access long-term loans under favorable terms and reduced interest rates.

Government Push for Green Industrialization

Earlier the same day, the government of Bangladesh submitted a formal request to relevant authorities seeking concessional, long-term financing facilities for green industrialization. Various initiatives are currently underway at both governmental and private levels to make the country's industrial sector environmentally sustainable.

Sustainable Financing in the Banking Sector

Under Bangladesh Bank's policy guidelines, commercial banks are required to allocate a specific portion of their total loan portfolio to sustainable financing. Industry insiders believe the MTB-OneTrvlue agreement will play a significant role in achieving those targets.

Future Plans

Under the agreement, both organizations are planning to jointly organize awareness programs and training sessions for SME entrepreneurs. Discussions have also been held regarding simplifying the loan application process through digital platforms.