The state-owned Mobile Financial Service (MFS) provider Nagad has been entrusted with the job to disburse financial assistance among fire affected traders in Gopalganj’s Kotalipara.
The financial assistance from the Prime Minister’s Relief and Welfare Fund will be given to the affected people through the MFS, according to a Nagad media release.
On April 23, a fire originating from a short circuit gutted several shops in Ghaghor Bazar in Kotalipara.
Later, Premier Sheikh Hasina decided to give a hand to the affected businessmen from her own relief and welfare fund. Each business will get a financial grant of Tk 25,000 from the fund.
Muhammad Zahidul Islam, head of Public Communications, Nagad, said, “Whenever we get any responsibility from the government, we carry out that flawlessly. We think that we are making great strides in establishing a cashless society in Bangladesh through digital disbursements of allowances and stipends.”
During the Covid-19 pandemic, the disbursements of the prime minister’s Eid gifts among poor families started using Nagad. In its continuation, the state-owned MFS later successfully distributed primary stipends and social safety allowances among real beneficiaries.
Nagad has already become a role model in disbursing government allowances and other financial assistance. Its successful journey of reaching cash aid out to poor and helpless people began with the disbursement of PM’s pandemic-time Eid gifts.
After that, the MFS carrier has continued to disburse stipends among 1.5 crore primary school students and social safety allowances, such as old-age allowance, widow allowance, allowance for the underprivileged with special needs and students with special needs among 50 lakh beneficiaries.
Meanwhile, Nagad has also successfully distributed grants to poor women marking the birth anniversary of Bangmata Begum Fazilatunnesa Mujib. It has also disbursed financial assistance provided by the Ministry of Fisheries and Livestock.