Market Digest

Microfinance firms asked to resume operations

Staff Correspondent

6 May, 2021 12:00 AM printer

The Microfinance Regulatory Authority (MRA) has allowed certified microfinance institutions to resume limited scale operation in compliance with health guidelines.

The initiative came up to repay the savings of the customers and to meet the cash money demand of rural people during the boro season.

However, MRA asked officials of microfinance institutions to follow the rules maintaining social distance, avoid yard                  meetings, stay at the office only scheduled time, keep germ-free office and uphold others relevant hygiene rules.

Lockdown announced by government to control the spread of corona infections from April 14, the central bank decided to close all financial institutions from April 14 to April 21 under strict restrictions. The microfinance activities were stopped from April 14 till now. But the central bank later issued another notification allowing commercial banks to do limited banking.