Female labour force participation in rural areas has increased significantly in Bangladesh thanks to women’s growing involvement in the agriculture sector and urban-rural migration brought on by the global coronavirus pandemic.
Bangladesh Bank Governor Abdur Rouf Talukder today urged the country's microfinance institutions to reduce loan interest rate for the poor. Making profits from the loans disbursed among the poor should not be the goal, rather the interest rate should be cut significantly for the sake of the poor.
The poorest people in the country have to pay the highest interest against loans, says Bangladesh Bank (BB) Governor Abdur Rouf Talukder. He made the remarks while addressing a workshop organised by the Microcredit Regulatory Authority (MRA) as the chief guest on Tuesday. The workshop was held to mark the publication of a report titled "Microfinance in Bangladesh (Annual
Loan disbursement by microfinance institutions (MFIs) rebounded in the last fiscal year of 2020-21 as demand grew thanks to the ongoing recovery of economic activities from pandemic-induced shocks.
Loan disbursement by microfinance institutions (MFIs) rebounded in the last fiscal year (FY) of 2020-21 as demand grew thanks to the ongoing recovery of economic activities from pandemic-induced shocks.