Dhaka, Bangladesh
Plan to bring more rural people under banking network

Plan to bring more rural people under banking network

News Report Finance Secretary Md Eunusur Rahman emphasised expanding agent banking in the rural areas to bring more rural people under the banking network. Md Eunusur Rahman, also senior secretary of the Bangladesh government claimed that the finance sector is now on right track to help Bangladesh attain the middle-income country status. The present government is working relentlessly to reduce the extreme poverty level from 10 per cent to 6.00 per cent, he added, said Eunusur Rahman. Md Eunusur Rahman was speaking as the chief guest at institutional dialogue on ‘Fast Moving Consumer Goods Micro-Merchants Landscape Assessment’ jointly organized by FBCCI and UN Capital Development Fund (UNCDF) at a city hotel on Wednesday, said a press release. FBCCI Senior Vice President Sheikh Fazle Fahim, in his speech said that micro merchants are very important in maintaining the checks and balances in the economy, particularly in the role areas. Through this program, FBCCI will work toward enhancing the role of private sector in ensuring the right initiatives are taken for greater financial inclusion through Digital Financial Service (DFS), he added. Fahim mentioned that the project is aimed to enhance the growth and competitiveness of retail merchants in rural Bangladesh through vertical integration with Fast Moving Consumers Goods (FMCG) value change and horizontal integration with digital financial service. FBCCI Senior Vice President Sheikh Fazle Fahim moderated the panel discussion while Md. The dialogue was arranged to discuss on a study commissioned by UNCDF to develop a dataset of merchant enterprises in Bangladesh and build meaningful knowledge about the merchant industry, including associated financial landscape. The purpose of the dialogue is to validate research findings and elaborate the scope and engagement of micro-merchant and DFS and identify the role of private sector and Government in ensuring the financial inclusion in Bangladesh. FBCCI, UNCDF, Dnet and Bangladesh Dokan Malik Shamity (BDMS) are implementing the 3 year project aiming to enhance the growth and competitiveness of retail merchants in rural Bangladesh. The program was also attended by Vincent Wierda, Regional Advisor of UNCDF, Md Muntakim Ashraf, Vice President of FBCCI and Md. Ashraful Alam, Country Project Coordinator of SHIFT Bangladesh. FBCCI Directors, Representatives from Multi-national & Local Marketing Companies and the Leading business persons of the country were present. The present study has been commissioned by UNCDF under the micro-merchant component to develop a dataset of merchant enterprises in Bangladesh and build meaningful knowledge about the merchant industry, including associated financial landscape. It may be mentioned that UNCDF provides investment capital and technical support to both the public and the private sectors. UNCDF’s Shaping Inclusive Finance Transformations (SHIFT) program in Bangladesh works on accelerating uptake and usage of digital financial services in the country to expand financial inclusion through digital pathways.

Share |