The Complete Financial Inclusion Department Systems

Financial Inclusion Department

Three Months Progress Report of Opening Special Facility Inclusive Accounts under the Financial Inclusive

Bangladesh Bank already has taken different steps for making sure financial inclusive in all sectors of the society keeping relevance with all of the development planning of the government for achieving growth. As the part of these the instruction has been given to country owned and specialized banks for the freedom fighters, financial distribution of different social security programs of the government of the accounts of the farmers. In addition to special activities have been taken to open bank accounts supported by the schedule banks through depositing 10 taka, 50 taka and 100 taka of all the population those are excluded from financial services and deprived from social facility including the people those are disable in visibility, Aila disastrous people, people living in poverty in different stages of the society including those are refugees, disable, foot wear and leather product preparation small factory technician, city corporation clean workers, workers working in garments industry, ultra- property benefit receiving woman, freedom fighters and people those are enjoying social security allowances. On the other hand to open bank accounts in the village in schedule banks providing instruction, in the sector of forms and SME in easy terms delivering loan in small interest to make sure, for giving banking facility in village areas to run mobile banking management and agent banking- the activities are contributing in mentionable to make sure financial including in end population of the country.

Recently Bangladesh has got primary acknowledgement to exceed from low development country to developing country as a result of the different initiatives of the government of the people’s republic of Bangladesh the country at this in the list of developing country. The important reason is seen the development of the financial growth of the last few decades. To keep continue the stage of this progress for the development of overall social and financial development of the country there is no alternative to remove discrimination and poverty of the country. And therefore the necessity is to bring under the service of the financial organization of mass people of the country. Because of the achievement of sustainable inclusive development is possible. In consideration of that as the central bank Bangladesh Bank is keeping continuing all of the efforts to bring under the banking service of the people of all profession through giving important of all financial inclusive programs.

As part of the financial inclusive activities to open account at 10 taka only Bangladesh Bank firstly has given instruction to the schedule banks in 17^th January, 2010 AD. At present the firm loan distribution is given through firmer accounts to open in ten taka in the banking activity as usual in addition giving by the government. As like general bank accounts special facilities inclusive internal and external of the country to send remittance and financial transfer has the facilities. In that account there has no obligation to keep least stability in that account and in the customer stage bank does not pay any types of charge/ fees. The people deprived from finance and these root level people to make them bring under the service of the financial organization 10 taka account holder of small/ root level/ landless population in natural disasters those are in damaged low income professional and to expand income generation activities of the small businessman and to keep accounts running for the purpose of making speedy financial activities of the villagers to provide loan in easy terms 200 hundred crore taka a inter dependant re: financial fund has been constructed from the own source of Bangladesh Bank. Under this fund banks and MFI linkage directly can distribute loan. From the mentioned fund a customer highest 50 thousands by one and 5 lakhs taka in group can receive loan. In the customer level the highest interest of the loan is 9.5% which is based decreasing gradually.

In observation of the overall financial image of the country and to keep indifferent of the sending description by the banks, for the purpose to make sure information without mistakes as per ruled GBCSRD circular no- 3 dated 09^th April, 2015 AD in attached form under the financial activities the description of bank account opening as manual “Under the activities of financial inclusive 10, 50 and 100 taka in bank account the progress description in titled three moths based the instruction has been given to the banks to send in this department. Later, on dated 04^th November, 2015 AD through FID circular no- 02 to collect details information of the school banking account another format is made run. Mentioned circulars the schedule banks as per instructions the description of financial inclusive activities of them in specified format based on the three months has been sent in this department. Therefore different class accounts of updated information have been raised on dated 31^st March, 2018 AD based on the information sent by the banks.