Published:  06:03 PM, 13 June 2019 Last Update: 06:05 PM, 13 June 2019

Tk 64.5cr for interest-free microcredit for poverty reduction

Tk 64.5cr for interest-free microcredit for poverty reduction

The government has allocated Tk 64.5 crore in the budget for 2019-20 fiscal for interest-free microcredit for poverty reduction programme.

Finance Minister AHM Mustafa Kamal said Bangabandhu Sheikh Mujibur Rahman introduced the rural social service programme in 1974 to lift the disadvantaged and backward population out of poverty.

Through the Department of Social Services, families of the extreme poor in villages have been receiving interest-free microcredit between Tk 5,000 and Tk 30,000 under four microcredit  programmes –  rural  social services activities, rural maternity centre activities, rehabilitation of the people affected by burn injuries and disabled people, and urban society development activities.

About 50 percent of people involved in these activities are women, the minister added.

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