SUFAL project workers to get wages thru’ Nagad

From now on, wages of those working under Sustainable Forests & Livelihoods (SUFAL) Project run by Forest Department will be disbursed through Nagad, a leading mobile financial service in Bangladesh.

To this end, a tripartite agreement was recently signed among Directorate of Posts, Nagad Ltd and Forest Department at Bana Bhaban in the capital’s Agargaon area, reads a press statement.

The agreement will allow project beneficiaries to get their wages and allowances from the comfort of their home without facing any hassle.

Gobinda Roy, deputy chief conservator of Forests & project director of SUFAL Project, Parvin Banu, director (Planning) of Directorate of Posts, and Md Shafayet Alam, executive director of Nagad, signed the agreement on behalf of their respective sides.

Sheikh Shabab Ahmed, chief external affairs officer, Nagad, Mohammad Monirul Islam, general manager of Commercial Affairs, Nagad, Tanveer Chowdhury, deputy general manager of Government Sales Operations, Nagad, Md Amir Hosain Chowdhury, chief conservator of Forests, Md Moinuddin Khan, deputy chief conservator of Forests, and Md Mizanur Rahman, postal attaché of Directorate of Posts, were also present at the signing ceremony.

Under the agreement, workers of SUFAL project will instantly get their wages through Nagad.

According to the press statement, a day labourer will get Tk 500 in wage per day, a watcher Tk 3,000 per month and one tasked with community patrolling Tk 1,800 per month.

The annual disbursement for paying salaries and other allowances among the people engaged with the project stands at more than Tk 200 crore.

Md Shafayet Alam, executive director of Nagad, said, “Nagad has become people’s favourite service provider within a short time. That is why the government is disbursing various types of allowances through Nagad. Besides, many government institutions and agencies depend on Nagad to pay salaries to their employees, which inspires us to do better.”

“At Nagad, we believe that strategic partnerships are the key to providing the people of Bangladesh with the most relevant and impactful digital financial services. We invite you to reimagine and leapfrog into the future of financial services alongside us,” according to a statement published in the MFS provider’s website..

Bangladesh is a thriving economic playground, pulsing with optimism and aspiration. Populations of 165 million people, nearly half of which are under 25, have awakened to the vast possibilities of the future.

They eagerly adopt new ideas from the outside while also confidently forging their own path.

Under the innovative and century-old financial authority of the Bangladesh Post Office, Nagad was launched by the prime minister on March 26, 2019 as a groundbreaking partnership.

It aims to provide a comprehensive digital and ever-evolving financial service to the country’s people and small businesses.

Since its launch, Nagad has set remarkable benchmarks.

The MFS provider has achieved a customer count of 5.85 Crores, Uddokta count of 2.40 lakhs, and a daily transaction of Tk 700 Crores.