Palli Sanchay Bank Job Circular। পল্লী সঞ্চয় ব্যাংকে বিভিন্ন পদে নিয়োগ

Palli Sanchay Bank Rural Savings Bank, is a state owned bank in Bangladesh. Mihir Kanti Majumder is the Chairman of the bank.

On 2 July 2014, the Government of Bangladesh passed the Palli Sanchay Act 2014 to form the Palli Sanchay Bank. The Bank was modeled after Grameen Bank, which was founded by Muhammad Yunus. According to the act, the government of Bangladesh would own 51 percent of the shares and members of Ektee Bari Ektee Khamar project (One House, One Farm project) would own rest of the shares. The bank would start with 10 billion taka authorised capital and 2 billion taka paid-up capital. The proposal for the bank was opposed by Bangladesh Bank and Bank and Financial Institutions Division of the Ministry of Finance. They recommended that instead of a bank, a financial institute be created. They believed that bank would fail to do its purpose like other specialised banks. The move to created the Bank was initially opposed by the Ministry of Finance.

Reference: https://en.wikipedia.org/wiki/Palli_Sanchay_Bank

Palli Sanchay Bank is scheduled to start commercial operation by December this year. Prime Minister Sheikh Hasina is expected to inaugurate the specialised bank
Newly set up specialised Palli Sanchay Bank is likely to give seasonal loans to the rural poor for improving their livelihood.

Former environment secretary and chairman of the bank Dr Mihir Kanti Majumder came up with the disclosure yesterday at the banking division in the city after receiving the gazette notification on his appointment issued by the Bank and Financial Institutions Division.

Bank and Financial Institutions Division yesterday also issued another circular on setting up the Palli Sanchay Bank as per the law of Palli Sanchay Bank under the provision 4. Banking division secretary Dr Aslam Alam signed this circular.

The bank is scheduled to start commercial operation by December this year. Prime Minister Sheikh Hasina is expected to inaugurate the specialised bank.

“Usually existing micro credit lending agencies give loan to the rural poor either on weekly or monthly repayment system, which is useless for the borrowers as they need to spend most of the money for the payment of grocery shops,” Palli Sanchay Bank chairman Majumder told the Dhaka Tribune. He has been appointed for three years.

As the small farmers and fishery businessmen will start their harvesting season in a couple of months, they are poised to face seasonal financial difficulty in monthly or weekly basis repayment to the regular micro credit financial institutions across the country.

Website: http://pallisanchaybank.gov.bd/