Chief Adviser mulls establishing Microcredit Bank

Chief Adviser Professor Muhammad Yunus has said the interim government is considering enacting new law in establishing a ‘Microcredit Bank’.

The Chief Adviser said this while inaugurating the Microcredit Regulatory Authority (MRA) building at city’s Agargaon area here on Saturday (May 17).

‘Microcredit Bank’ will help create more entrepreneurs by disbursing collateral free small credit among young people, Prof Yunus said.

Finance Adviser Salehuddin Ahmed, Chief Adviser’s Special Assistant Dr Anisuzzaman Chowdhury, Bangladesh Bank governor Ahsan H Mansur, Financial Institution Division Secretary Nazma Mobarek and Microcredit Regulatory Authority executive vice chairman Prof Mohammed Helal Uddin also spoke on the occasion.