BSS, Dhaka :
Finance Minister Abul Maal Abdul Muhith Wednesday said there should be more study to ensure the best use of microcredit and its utmost benefit of the borrowers.
“Microcredit activities should be innovative and thus study required on the reasons as to why most of the borrowers could not make their luck out of it”, the minister told the inaugural session of a two-day workshop in the city.
The Ministry of Foreign Affairs and Palli Karma-Sahayak Foundation (PKSF) with cooperation from Indian Ocean Rim Association (IORA) organised the workshop at PKSF Bhaban titled “Promoting Microfinance for Economic Development in IORA Region”.
State Minister for Foreign Affairs M Shahriar Alam was the special guest at the inaugural session, presided over by PKSF managing director Md Abdul Karim.
Referring to the trend of the microcredit activities and its impact on people’s livelihood, the finance minister said Professor Muhammad Yunus gave microfinance a new dimension, but it was the PKSF that expanded the microcredit with an ideological approach from its very beginning.
Muhith, however, attributed the development in women empowerment to microcredit activities and hoped that PKSF would be a model institution for fighting against and reducing poverty.
PKSF chairman Dr. Qazi Kholiquzzaman Ahmad said microcredit could not help reduce poverty unless it is supported by the effective initiatives to ensure the major services including education and health.
Referring to a recent study, the eminent economist said only 9.4 percent of microcredit recipients came out of poverty level.
Speaking on the occasion, IORA Director Dalhan Firdaus termed Bangladesh as role model for microcredit.
Finance Minister Abul Maal Abdul Muhith Wednesday said there should be more study to ensure the best use of microcredit and its utmost benefit of the borrowers.
“Microcredit activities should be innovative and thus study required on the reasons as to why most of the borrowers could not make their luck out of it”, the minister told the inaugural session of a two-day workshop in the city.
The Ministry of Foreign Affairs and Palli Karma-Sahayak Foundation (PKSF) with cooperation from Indian Ocean Rim Association (IORA) organised the workshop at PKSF Bhaban titled “Promoting Microfinance for Economic Development in IORA Region”.
State Minister for Foreign Affairs M Shahriar Alam was the special guest at the inaugural session, presided over by PKSF managing director Md Abdul Karim.
Referring to the trend of the microcredit activities and its impact on people’s livelihood, the finance minister said Professor Muhammad Yunus gave microfinance a new dimension, but it was the PKSF that expanded the microcredit with an ideological approach from its very beginning.
Muhith, however, attributed the development in women empowerment to microcredit activities and hoped that PKSF would be a model institution for fighting against and reducing poverty.
PKSF chairman Dr. Qazi Kholiquzzaman Ahmad said microcredit could not help reduce poverty unless it is supported by the effective initiatives to ensure the major services including education and health.
Referring to a recent study, the eminent economist said only 9.4 percent of microcredit recipients came out of poverty level.
Speaking on the occasion, IORA Director Dalhan Firdaus termed Bangladesh as role model for microcredit.
