Equity and Entrepreneurship Fund Unit
| Name & Designation | Telephone | Fax | |
|---|---|---|---|
| Mohammad Mamunul HoqueExecutive Director | mamunul.hoque@bb.org.bd | 880-2-9530470 | 88-02-9530470 |
| Md. Nurul AminExecutive Director | mdnurul.amin@bb.org.bd | 880-02-9530218 | 88-031-634776 |
| Md. Hanif MiahDirector (EEF) | hanif.miah@bb.org.bd | 880-2-9530212 | -- |
The Equity and Entrepreneurship Fund (EEF) was created by the Government of Bangladesh (GoB) in the financial year 2000-2001 to support two risky but promising sectors such as Agro based food processing and Software industries. Initially, Tk 100 Crore (1000 million) was allocated for this purpose, the amount has gradually been increased over the period. The government has appointed the Bangladesh Bank as the implementing agency of this project under an agreement signed between the GoB and the Bangladesh Bank on 26 December 2000. Hence, the responsibility related to the Fund management was given to the Board of the Bangladesh Bank and a separate Unit (EEF Unit) was formed in the Bangladesh Bank to administer its operations.
This Unit executed all the policy related and operational functions till 31 May 2009. However, the operational function has been transferred to the Investment Corporation of Bangladesh (ICB) under a sub-agency agreement between the Bangladesh Bank and ICB signed on 01 June 2009. Since then, the Bangladesh Bank only involves in formulating Fund management policy formulation and in monitoring the investment activities.
In the meantime eighteen long years has passed, though yet to grip its fruits by the nation. For this reason a comprehensive review has been done based on EEF�s previous performance, obscurity in working framework, weak tools of legal safeguarding. We have taken valuable opinion from our various type of stakeholders, lawyers, agencies and from those who are really interested about EEF. Following suggestions, we have launched Loan Model (Henceforth, simple interest rate, 2%) instead of Share based equity support. Now this financial arrangement will be addressed as Entrepreneurship Support Fund (ESF) keeping base ratio of investment by 51:49 between entrepreneur and ESF respectively.
Now this opportunity is opened to establish Agro based and ICT industries to meet the needful of the nation and thus, in long run, to achieve SDG�s.
EEF Unit Contact Address:
Equity and Entrepreneurship Fund Unit
7th Floor, 1st Annex Building
Bangladesh Bank
Head Office, Dhaka-1000
Phone:88-02-9530212
PABX:9530010-75
Website: www.eef.gov.bd