A new Horizon in Public Sector Micro-finance.

Performance of ongoing  micro-credit programs, has encouraged the Bank authority to undertake a new product. "Ghoroa Prokalpa" which is a package of facilities offered to the rural people with a view to empower rural people, generate income, create employment and retain them in the rural areas.

This diversified micro-credit program has  been launched on 25th July 2000.

Main Objectives:

  1. Accelerate growth of rural economy through income generating activities.

  2. Accommodating maximum rural dwellers in production/income generating activities.

  3. Making each household a "Production Farm" .

  4. Attempt to empower rural poor people in a cluster of family.

  5. Making rural branches sustainable.

Important Features :

  1. Fulfil the entire credit need of each family.

  2. Loan without guarantee/collateral security up to TK. 40,000/= (around US$ 750).

  3. Savings opportunity at a higher interest rate.

  4. Encouragement  for afforestation.

  5. Incentive to bank personnel for satisfactory performance.

  6. Delegating requisite sanctioning power to grass-root  level.

  7. Provision for linkage with NGO in some selected outlet.

 

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