Probashi Kallyan Bank has inked an agreement with Agrani Bank to collect loan installments from its customers online.
The agreement-signing ceremony was held on Tuesday in the conference room of the Expatriate Welfare and Overseas Employment Ministry, read a press release.
Under this agreement, Probashi Kallyan Bank customers, from now on, can repay their loans online using the agent banking platform of Agrani Bank called Agrani DOER.
Migrant workers, who returned home amid the pandemic, are getting loans at a 4% interest rate from the Tk200 crore fund of Wage Earners' Welfare Board, for their rehabilitation.
Dr Ahmed Munirush Salehin, secretary of the ministry, was present at the signing ceremony.
He said the ministry is working to make the services for expatriates available as per the instructions of the prime minister.
With this agreement, the service recipients of Probashi Kallyan Bank, especially, will benefit, Munirush Salehin hoped.
According to the expatriate welfare desk of Hazrat Shahjalal International Airport, around 2.50 lakh migrant workers have returned home from 29 countries – mostly in the Middle East – between 1 April and 30 October this year after losing their jobs.
Probashi Kallyan Bank started disbursing loans from the Tk200 crore fund on 15 July.
A returnee can borrow Tk1-5 lakh from the fund to invest in any of 30 selected sectors including: agriculture, fisheries, poultry, livestock, and agriculture.
Moreover, there is another big fund worth Tk500 crore for them in the government-declared stimulus package.
However, migrant returnees have alleged that the process of obtaining a loan is very complicated.