To ensure the smooth progress of F-commerce or Facebook commerce — F-commerce is the newest form of e-commerce, which got popular with young entrepreneurs and entails shopping on Facebook pages — in Bangladesh, which is expanding very fast in the country, Bangladesh Government is planning to arrange micro credit at 4 per cent interest rate for the F-commerce entrepreneurs.
Media reports maintained this while claiming that the Commerce Ministry has formed a digital commerce cell to implement the digital commerce policy even as it is working on finalising digital commerce operation guidelines.
Meanwhile, speaking to the media, spokesperson of Bangladesh Bank (central bank of Bangladesh), Md. Serajul Islam, reportedly, underlined that Bangladesh Bank has already formed Taka 500 crore fund for start-ups, from which those who are involved with F-commerce and other forms of e-commerce, will get credit at 4 per cent interest rate.
Recently participating at a virtual conference, State Minister for ICT Zunaid Ahmed Palak also claimed that Bangladesh Bank will arrange small loans at 4 per cent interest for the F-commerce entrepreneurs and start-up businesses even as he said that there are at least 400,000 new entrepreneurs who are engaged in F-commerce.
