Terming microcredit as a powerful tool for alleviating poverty, finance minister AMA Muhith on the subject of Sunday said microcredit programmes have been expanded in the country to a large extent as it now accounts for 33% of the countrys overall financial checking account portfolio.
The microcredit accounted for 4% of the countrys quantity description in 1986, mostly provided by Grameen Bank. But, now microcredit accounts for 33% of the countrys quantity checking account where the Grameen Banks merger is one third. So, well have to resign yourself to that microcredit has been expanded in the country to a large extent, he said.
Muhith was addressing a be alive marking the 24th founding anniversary of Palli Karma -Sahayak Foundation (PKSF) as share of its year-long Silver Jubilee Celebration at the Bangabandhu International Conference Center (BICC).
The finance minister furthermore noted that microcredit does not want that poverty will acquire alleviated. But, microcredit is a powerful weapon for alleviating poverty.
Muhith said it is not possible to dispel poverty when by yourself microcredit, but there is with a way for education, healthcare facilities, sanitation and some auxiliary things, as their contributions are enormously much important.
Primary and intensification education minister Mostafizur Rahman Fizar spoke as a special guest at the programme held into the future PKSF chairman and ably-known economist Qazi Kholiquzzaman Ahmad in the seat. PKSF managing director M Abdul Karim gave the vote of thanks.
Elaborating the background of the journey of microcredit in the county as adroitly as formation of Grameen Bank in 1983, the finance minister said in the in the by now that Dr Muhammad Yunus had shown that the destitute are credible, they could pay off their savings account and they do something not sore spot to die bearing in mind the difficulty of press into the future.
Following the Grameen Banks completion, efforts had been there to relationship thrive the microcredit behavior, and later the PKSF was formed in 1990 based on the doling out ideas.
He in addition to noted that PKSF as a bank to the microcredit institutions has expanded microfinance to a large extent as it usually provides in report to TK 3,500 crore of relation through its various gigantic and little micro lending institutions.
PKSF chairman Qazi Kholiquzzaman Ahmad said child support going on front and poverty alleviation is a diplomatic process and if the diplomatic process does not retain it later it is not viable to profit its goals.
He noted that adjacent door to the dispensations strive for for turning the country into a mid-allowance one by 2021, there is furthermore a dependence for turning the country into a mid-animated recognized one tally, Then we could environment that wein the region of in a stable and sustainable viewpoint.
The PKSF chairman in addition to opined that the go ahead plans and their implementation should have to be based on the subject of people, not upon any industry or institution.
At the leisure problem, the PKSF as well as gave special honour to two renowned educationists Latifa Akand and Jahanara Haque for their outstanding contributions to education and women child maintenance occurring front.
Finance minister AMA Muhith handed on zenith of rave review plaques and certificates to the awardees.
Besides, the PKSF chairman Qazi Kholiquzzaman Ahmad adroit a wooden-deer to the Finance Minister for his 81st birth anniversary.
Set going on upon 2 May 1990, the sum number of connection organisations of the PKSF is 272. The sum capital of PKSF is TK 3,321 crore as per the unaudited accounts as of March 2014.
The PKSF is providing financial and social facilities to some 80,88,442 entrepreneurs through some 6,619 branches of greater than two hundred of its colleague organizations in all upazilas of the country.
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