Implementation of small and medium enterprise development initiative by Agrani SME Financing Company Limited is one of the activities to participate in the national strategy for economic growth, poverty reduction, and social development. The Agrani SME Financing Company Limited (the Company) has been incorporated as a public limited company and a subsidiary of the Agrani Bank Limited on October 27, 2010 vide certificate of the incorporation No. C-87827/10. The Company has taken over the ongoing operation of Small Enterprises Development Project (A Norway and Agrani Bank Limited funded Project of Ministry of Finance, Bangladesh) on a going concern basis through a Vendor’s Agreement signed among the Bank & Financial Institutions Division, Ministry of Finance, Govt. of the Peoples Republic of Bangladesh, the Board of Directors on behalf of the Agrani Bank Limited and the Board of Directors on behalf of the Agrani SME Financing Company Limited on December 27, 2011 and as per the clause as delineated in the stated Vendors Agreement, December 31, 2011 is kept as the effective date of handing over the SEDP operation as to be the operation of Agrani SME Financing Company Limited.