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Tech, madrasah students to get stipends thru Nagad

  • Staff Correspondent
  • 19 June, 2022 12:00 AM
  • Print news

The students of technical and madrasah institutions of the country will be able to receive their stipends through Nagad.

In this regard, Department of Technical and Madrasa Education, Nagad and Bangladesh Postal Department have recently signed an agreement, said a press release.

 The primary objective of the initiative is to provide the stipend for the students timely through Nagad.

Md Moniruzzaman, Additional Secretary, Md Akhtaruzzaman, Senior Assistant Secretary, Sabina Yasmin of Technical and Madrasah Education Division and Md Shafayet Alam, Executive Director of Nagad Limited attended the signing event.

From now, students can visit any Nagad 'Uddokta' point and conveniently withdraw their stipend without charge.

Regarding the agreement, Executive Director of Nagad Md Shafayet Alam said, “Nagad has been successfully provided allowances and stipends for the students with transparency in association with government’s various types of financial inclusion efforts.”

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 provide stipends and allowances to 1.2 million primary school students via Nagad.

Subsequently, in 2021, 300 technical and madrasas as well as 8,000 teachers, staff and students received government’s allowance Tk 50 million crore through Nagad.