The Technical and Madrasa Education Division, Nagad Limited and Bangladesh Postal Department have recently signed an agreement to distribute stipends among technical and madrasah students. Under the agreement, technical and madrasah 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, said a press release.
Md. Moniruzzaman, Additional Secretary, Md. Akhtaruzzaman, Senior Assistant Secretary Sabina Yasmin of Technical and Madrasa Education Division and Md. Shafayet Alam, Executive Director of Nagad Limited attended the signing event.
Technical and madrasah students would not require 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.
Regarding the agreement, Md. Shafayet Alam, the Executive Director of Nagad Limited 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 Madrasah students."
He also said, "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, some 300 technical and madrasahs as well as 8,000 teachers, staffs and students received government's allowance totaling Tk 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.