Microcredit institutions can now operate on a limited scale | The Business Standard
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
    • GOVT. Ad
  • More
    • Subscribe
    • Videos
    • TBS Graduates
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Long Read
    • Interviews
    • Offbeat
    • Tech
    • Magazine
  • বাংলা
The Business Standard

Saturday
September 30, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
    • GOVT. Ad
  • More
    • Subscribe
    • Videos
    • TBS Graduates
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Long Read
    • Interviews
    • Offbeat
    • Tech
    • Magazine
  • বাংলা
SATURDAY, SEPTEMBER 30, 2023
Microcredit institutions can now operate on a limited scale

Economy

TBS Report
09 May, 2020, 10:40 pm
Last modified: 09 May, 2020, 10:44 pm

Related News

  • Long Covid linked to multiple organ changes, research suggests
  • Covid-19 economic impact lingers on in parts of society: Study
  • Jill Biden positive for Covid, President Biden tests negative: White House
  • China will not require Covid-19 testing for incoming travelers
  • Global Covid-19 incidence up by over 60% in 28 days: WHO

Microcredit institutions can now operate on a limited scale

Within this limited operation, microfinance institutions can distribute relief, back deposit, provide loan from the stimulus package of Tk3,000 crore following proper safety measures

TBS Report
09 May, 2020, 10:40 pm
Last modified: 09 May, 2020, 10:44 pm
Representational image
Representational image

The Microcredit Regulatory Authority (MRA) has instructed microfinance institutions to operate on a limited scale.  

Within this limited operation, microfinance institutions can distribute relief, back deposit, provide loan from the stimulus package of Tk3,000 crore following proper safety measures.

The Microcredit Regulatory Authority issued a circular in this regard on Saturday. 

"This season is very important for the farmers as it is the time for harvesting and also time for planting news crops. So they need finance. Microcredit institutions can operate this time on a limited scale following safety measures as guided by the government," Director of MRA Mohammad Yakub Hossaintold The Business Standard. 

Microcredit institutions can provide non-farm credit to support small businesses for gear up the rural economy, the circular says. 

To curb the spread of Covid-19, microcredit institutions have been suggested to avoid yard meetings and to prefer digital platforms for making transactions.

Top News / Covid-19 in Bangladesh

Microcredit / COVID-19 / Coronavirus

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Harsher bilateral loans set to make external debt repayment tougher
    Harsher bilateral loans set to make external debt repayment tougher
  • BCL activist killed, 20 injured in AL-BNP clash in Chattogram
    BCL activist killed, 20 injured in AL-BNP clash in Chattogram
  • Photo: AFP
    Shakib-less Tigers make light work of Sri Lanka with big win in 1st World Cup warm up

MOST VIEWED

  • Photo: Collected
    Forex reserves fall to $21.15 billion
  • BRACU, DU, JU, NSU lead Bangladeshi universities in World Rankings 2024
    BRACU, DU, JU, NSU lead Bangladeshi universities in World Rankings 2024
  • Photo: BCB
    Shakib says he hasn't spoken with Litton since he broke his bat
  • File photo of Rooppur Nuclear Power Plant/UNB
    First batch of uranium reaches Rooppur
  • Photo: ICC
    BCB President should give less interviews: Shakib
  • Photo: RNPP project authorities.
    First shipment of nuclear fuel for Rooppur plant arrives in Dhaka 

Related News

  • Long Covid linked to multiple organ changes, research suggests
  • Covid-19 economic impact lingers on in parts of society: Study
  • Jill Biden positive for Covid, President Biden tests negative: White House
  • China will not require Covid-19 testing for incoming travelers
  • Global Covid-19 incidence up by over 60% in 28 days: WHO

Features

Oh Oh Jaane Jaana: Enduring charisma of a quintessential 90s Bollywood song

Oh Oh Jaane Jaana: Enduring charisma of a quintessential 90s Bollywood song

14h | Features
Food delivery rider pedals through Dhaka's wet roads, ensuring timely deliveries despite the pouring rain. Photo: Syed Zakir Hossain/TBS

An unexpected rain, an unexpected expense: How food delivery men survive Dhaka’s storms

16h | Features
More than 86 lakh Bangladeshis went abroad as migrant workers in the last 14 years, according to BMET (Bureau of Manpower, Employment and Training). Naturally, these workers return to Bangladesh at some point to settle down. Photo: Syed Zakir Hossain

Why migrant workers have a hard time back at home

2d | Panorama
What impact will a forward forex rate have?

What impact will a forward forex rate have?

2d | Panorama

More Videos from TBS

Unarmed Armenians do not want to return to Nagorno-Karabakh

Unarmed Armenians do not want to return to Nagorno-Karabakh

2d | TBS World
Is injury the main reason Tamim is excluded from WC Squad?

Is injury the main reason Tamim is excluded from WC Squad?

2d | TBS SPORTS
Tourism master plan aims to attract 5.57m tourists annually by 2041

Tourism master plan aims to attract 5.57m tourists annually by 2041

1d | TBS Today
Economic zones to come under eco-friendly performance rating

Economic zones to come under eco-friendly performance rating

9h | TBS Economy
EMAIL US
[email protected]
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - [email protected]

For advertisement- [email protected]