Tech and Teen
  • Technology
  • Teen
  • Entertainment
  • Sports
  • Politics
  • Business
  • World
  • Multimedia
  • IT HOT
  • Blog
  • Technology
  • Business
  • Sports
  • Entertainments

Tech and Teen

  • Technology
  • Teen
  • Entertainment
  • Sports
  • Politics
  • Business
  • World
  • Multimedia
  • IT HOT
  • Blog

Nagad to disburse 75 percent of social safety net allowances through revised agreement with ministry

by Tech and Teen March 27, 2022March 27, 2022
written by Tech and Teen March 27, 2022March 27, 2022
Nagad to disburse 75 percent of social safety net allowances through revised agreement with ministry

Nagad, the Postal Department’s mobile financial service, has inked an agreement to disburse (revised) 75 percent of the total allowances under the government’s social net program. The Department of Social Services signed the agreement with Nagad, expressing satisfaction with the previous year’s disbursement of the government’s social safety net program.

Today (Thursday), a tripartite agreement in this regard was signed at the Ministry of Social Welfare. According to the agreement, under the social safety net program, Nagad will distribute 75% of the total allowances stated by the government-to-person (G-to-P) system.
Sheikh Rafiqul Islam, Director General, Department of Social Service (DSS), Md. Siraz Uddin, Director General of the Department of Posts and Md. Shafayet Alam, Executive Director of Nagad signed the agreement on behalf of their respective organizations.
Nuruzzaman Ahmed, Minister of Social Welfare, and Mahfuza Akhter, Secretary of the Ministry were also present during the signing ceremony.
last year, The Department of Social Services disbursed allowance to 76 lacs 13 thousand recipients, out of a total of 88 lacs 50 thousand beneficiaries, through Nagad and another MFS. This time, the allowance will be distributed in the same manner.
As a result, the elderly, widowed, impoverished disabled, and disabled students will continue to receive the stipend through Nagad. Earlier in the fiscal year, Nagad disbursed funds to 75 percent of all beneficiaries under these four programs. As per the decision of the authority, the third gender and the Bede community will also receive the allowances in this phase.
Beneficiaries will be able to utilize the allowance money as needed and withdraw the money from the nearest Nagad uddokta Point. To cash-out this allowance, beneficiaries do not need to spend extra money. The government will give a cash-out charge of Tk 7 per thousand, with Nagad bearing the remainder of the cost.
Previously, during the Covid-19 Pandemic, Prime Minister Sheikh Hasina provided Eid presents to 5 million poor households through MFS, with 17 lakh families receiving the gifts through Nagad. In addition to distributing more allowances and government assistance during the pandemic, the government has also distributed donations and stipends to about 15 million primary school students through ‘Nagad’.
Tanvir A Mishuk, Managing Director of Nagad said, “Nagad has already demonstrated efficiency in distributing allowances and the government’s safety net. This agreement demonstrates that we have once again earned the government’s trust. We have always prioritized the country and its people when developing our services. That is why, in a short period of time, we have gained the government’s and people’s love and respect. We believe, that the day is not far off when the Nagad will help to digitize the whole allowance distribution system the government, ensuring the people receive their entitlements with ease.”
Safayet Alam, Executive Director of Nagad said, “Nagad has been distributing allowances for the Government of Bangladesh’s social security program in collaboration with the Ministry of Social Welfare for a long period of time. We expect that the new amendment will enable us to carry out these duties more efficiently and continuously by utilizing cutting-edge digital technology.
At present, Nagad has more than 6 Crore registered customers with an average daily transaction of 750 crores.

Nagad
0 comment
0
FacebookTwitterGoogle +PinterestLinkedinWhatsapp
previous post
Samsung Bangladesh introduces WhatsApp chat service for customer support
next post
Toffee to stream IPL 2022

related posts

Walton to increase nut, bolt and screw production

November 29, 2018

Businesses spending a higher percentage of technology budgets...

September 15, 2022

BASIS Standing Committees pledge to contribute to the...

February 15, 2022

Nagad awarded at Dhaka International Trade Fair

February 10, 2019

Huawei awarded for 5G Development

July 30, 2018

Price of TECNO smartphones in Bangladesh

November 22, 2018

Nagad customers can avail Dhaka Bank ‘Add-Money’ Service

January 22, 2022

Huawei announces October Festival 

October 3, 2018

realme C31 with stylish design launched to make...

April 15, 2022

‘TAP’ and FairMart MoU signing

June 9, 2022

Mastercard and Daraz launch ‘Win a Trip for...

November 25, 2018

realme GT Master Edition now available at special...

May 13, 2022

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Recent Posts

  • ‘Laptops, Smartwatches, Earbuds are Now Compatible with Smartphone Chargers’

    November 22, 2023
  • Banglalink’s revenue increased by 15.1 percent

    November 21, 2023
  • foodpanda organises first-ever cricket tournament for riders!

    November 21, 2023
  • Walton launches 2 new full HD frameless monitors with IPS Panel

    November 21, 2023

Popular Posts

  • 1

    V27e with Aura Light Portrait in Bangladesh

  • 2

    ShareTrip Wins Best Travel Tech Platform Award at e-Commerce Movers Award Bangladesh 2023

  • 3

    TECNO CAMON FASHION FESTIVAL: BRINGING FASHION AND TECHNOLOGY TOGETHER IN STYLE

  • 4

    Infinix introduces Taskin as Ambassador & Launches “AMOLED Stunner” Note 12

  • 5

    Daraz Bangladesh Anniversary Campaign – Now LIVE!

Archives

  • November 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018

Mobiles

  • ‘Laptops, Smartwatches, Earbuds are Now Compatible with Smartphone Chargers’

  • realme Narzo 50A Prime on sale along with other devices

  • Embrace the Celebration: Exclusive Deals at OPPO Fans Festival Revealed

  • vivo V29e: Brightening Up Wedding Celebrations with Aura Light

  • Infinix’s winter cashback offer begins, Chance to Win Tk 10k

Popular Posts

  • 1

    Banglalink signs agreement with Bangkok Airways for 10% discount

  • 2

    PriyoShop Becomes Top 100 X-Pitch Startup

  • 3

    Mastercard announces winners of its Spend & Win campaign – ‘Mystical Maldives 2022’

  • 4

    Modern wheat silo in Chattogram to tackle natural disasters and food shortage

  • 5

    Airtel signs agreement with Concito PR

About Us

Techandteen is the vibrant tech news site in Bangladesh. It provides new tech news and latest tech news and reviews for teenagers. As a tech blog techandteen is also popular tech site and best tech site in Dhaka. We accept Guest Posts and paid Promotions.

Email : shiningbd2014@gmail.com

Dhaka, Bangladesh

Phone :  +88 00 5555

Popular Posts

  • 1

    V27e with Aura Light Portrait in Bangladesh

  • 2

    TECNO CAMON FASHION FESTIVAL: BRINGING FASHION AND TECHNOLOGY TOGETHER IN STYLE

Follow us on Facebook

  • Facebook
  • Twitter
  • Google +
  • Instagram
  • Linkedin
  • Youtube
  • Technology
  • Teen
  • Business
  • Privacy Policy
  • Multimedia
  • Sports
  • Entertainments

@ 2018-2022 - Tech and Teen. All Right Reserved.
Developed By: Deshi Hosting, Amjhupi, Meherpur.