Secretary of Rural Development and Cooperatives Division Dr Prosanto Kumar Roy has said the Pally Sanchay Bank (PSB) is one of the vital means of eradicating rural poverty in Bangladesh.
He mentioned the PSB is a specialised financial institution that has been created for boosting savings and investment of rural people.
He was addressing a discussion after inaugurating the second floor of PSB on Paba Upazila Parishad complex in the district yesterday afternoon as chief guest.
With Upazila Nirbahi Officer Selim Hossain in the chair, Additional Deputy Commissioner Shalah Uddin, Upazila Chairman Begum Khairunnessa, Vice-chairman Ashraful Haque, Joint Registrar of Department of Cooperatives Akhteruzzaman and PSB Coordinator Soheli Yeasmin also spoke.
Prosanto Kumar said the main objective of founding the bank was to save poor people from the grip of so-called ‘micro credit’ which never helps people coming out of poverty trap.
The bank will encourage people in savings and investment, playing role in alleviating poverty and boosting rural economy, he hoped. It has a vision to make every rural house into an agricultural farm using country’s rich biodiversity and ecosystem, the secretary added.
He also laid importance on involving more females with the bank to expedite the poverty alleviation drive, reports BSS, Rajshahi
