Sunday, 19 September, 2021

BRAC Bank provides Tk 4.54cr in emergency food support

  • Staff Correspondent
  • 3 August, 2021 12:00 AM
  • Print news
BRAC Bank provides Tk 4.54cr in emergency food support

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BRAC Bank has signed an agreement with BRAC for launching a special CSR programme to provide support Coviod-19 affected families.

Recently Bangladesh Bank requested all the scheduled banks to allocate a special CSR fund equivalent to one percent of the banks' 2020 profits, said a press release.

 The fund is necessitated to support with essential food or equivalent support in cash or health and hygiene materials, or medicare of suspected Covid-19 patients, financial support to those who have lost their livelihood and are affected by Covid-19.

BRAC Bank, accordingly, has allocated a fund of Tk 4.54 crore to support the affected families.

BRAC will be transferring the fund, on behalf of BRAC Bank, through mobile wallet bKash.

About 30,267 families across the country will receive emergency food support.

Each family will receive Tk 1,500 which will enable them to buy essential food.

The initiative was announced on Sunday mentioning that the distribution of money will be completed by the second week of August 2021.

The families to receive the assistance are being identified by the skilled field staff of BRAC following a rigorous process.

Families with elderly members, pregnant and lactating mothers, persons with disabilities, families dependent on women’s earning, ultra-poor households, and those who have not received assistance from other sources will have the priority in this initiative.

Asif Saleh, Executive Director, BRAC said, "We greatly appreciate this timely support from BRAC Bank.”

Selim RF Hussain, Managing Director and CEO of BRAC Bank said, “We are thankful to Bangladesh Bank for their thoughts and guidance on supporting the Covid-affected families.”

Last year, BRAC Bank employees contributed Tk 1.73 crore from their August salary as emergency food support to BRAC’s ‘Dakche Amar Desh’ initiative.