Sunday, 17 October, 2021

Nine pvt banks donate Tk 159mn for BRAC’s corona support fund

  • Staff Correspondent
  • 5 August, 2021 12:00 AM
  • Print news

Nine private banks have donated Tk 159 million (Tk 15.9 crore) to BRAC for strengthening public awareness and emergency support campaign across Bangladesh amid the new waves of Covid-19 pandemic.

Under a recent instruction issued by the Bangladesh Bank to launch special corporate social responsibility (CSR) activity for the pandemic affected people, these banks are collaborating with BRAC’s ‘Dakcche Abar Desh’ and ‘Community Fort for Resisting Covid-19’ (CFRC) projects, said a press release.

Amid a spike in Covid-19 cases, Bangladesh Bank last month asked all the scheduled banks to operate ‘special CSR activity’ to provide assistance to the people affected by the pandemic.

The banks that have partnered with BRAC in this campaign are:  BRAC Bank, Eastern Bank Limited, Mutual Trust Bank, Standard Bank, Dhaka Bank, Bank Asia, Mercantile Bank, United Commercial Bank and Dutch Bangla Bank.

In total, they have committed Tk 159,193,728  which will deliver cash support to 72,160 families (under Dakcche Abar Desh) using a fund of Tk 135,740,500, while rest of the amount will be used to provide masks and other Covid-preventive services to 18 lakh (1.8 million) people and reach healthcare services to 10,000 patients with Covid symptoms (under CFRC).

The campaign will particularly focus on 20 districts with the highest rate of Covid-19 spread, mostly in Rajshahi and Khulna divisions.

Out of the nine banks, agreement is under process with Bank Asia and Dhaka Bank.

Under the initiative, BRAC is primarily providing emergency food assistance to 50 thousand selected families in 19 high-risk districts with a matched fund comprising one-day salary contributions from its staff and its own fund.