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Nagad to disburse allowances from PM’s welfare fund

Nagad has been entrusted with the job of disbursing financial assistance among fire affected traders in Gopalganj's Kotalipara, which reflects the government's continuous trust in this leading mobile financial service provider, when it comes to disbursements from the Prime Minister's Relief and Welfare Fund to the people in need.

In the wee hours of April 23, a fire, originating from a short circuit, burnt several shops in Ghaghor Bazar in Kotalipara to ashes.

Prime Minister Sheikh Hasina decided to help the fire victims from her own relief and welfare fund, said a press release.

Each of the affected businesses will receive a financial grant of Tk25,000 from the Prime Minister.

All preparations for aid disbursements have already been completed.

About getting the responsibility of distributing cash assistance among the fire victims, Muhammad Zahidul Islam, head of public communications at 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.”

In pandemic times, the disbursements of Prime Minister Sheikh Hasina’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.

Such flawless and transparent disbursements have been possible, thanks to the government’s adoption of digital transaction process offered by Nagad, Zahidul Islam noted.

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 5 million beneficiaries.

In the meantime, on the occasion of Bangmata Begum Fazilatunnesa Mujib’s birth anniversary, Nagad has also successfully distributed grants to poor women. It has also disbursed financial assistance provided by the Ministry of Fisheries and Livestock.

Nari Maitree, a non-profit private voluntary development organisation, provided good numbers of Bangabazar fire victims with Tk30,000 each.

The organization chose Nagad for the disbursement because the convenience and transparency that it ensures in the distribution system.

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