Home ›› 19 Jun 2022 ›› Corporate
The Department of Technical and Madrasa Education, Nagad Limited and Bangladesh Postal Department have recently signed an agreement to distribute stipends among technical and madrasa students.
Under the agreement, technical and madrasa students will be able to receive their stipends through Nagad.
The primary objective of the initiative is to disburse the stipend among the students in a timely and transparent manner through Nagad.
Technical and madrasa students do not require to incur any additional cost while withdrawing stipends through Nagad. As a result, students can visit any Nagad ‘Uddokta’ point and conveniently withdraw their stipend money without charge.
About the agreement, Nagad Executive Director Md Shafayet Alam said, “Nagad has been successfully disbursing allowances and stipends with transparency in association with government’s various types of financial inclusion efforts. In continuation of this, Nagad is now involved in the disbursement of stipends to Technical and Madrasa students. We believe that receiving stipends through Nagad will not only benefit the students but also accelerate the government’s efforts to create a ‘cashless society’. Nagad will continue supporting endeavors to develop a digital Bangladesh.”
Since 2020, the Bangladesh Postal Department’s mobile financial service Nagad has effectively distributed several types of allowances, including stipends, earning Government’s trust and confidence.
Initially, government signed an agreement with Nagad to disburse stipends and allowances to 1.2 million primary school students via Nagad which has been accomplished transparently by the company.
Subsequently, in 2021, 300 technical and madrasas as well as 8,000 teachers, staff and students received government’s allowance totaling BDT 50 million crore through Nagad. In addition, the mobile financial service Nagad started distributing stipends and allowances to primary school students for purchasing educational materials recently in June, this year.
