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License from the Authority is mandatory to operate microfinance operation in Bangladesh as an NGO. On September 28, 2012 at the Alliance for Financial Inclusion 's Global Policy Forum 2012, the bank made a commitment under the Maya Declaration to promote agent and mobile banking, implement consumer protection initiatives, and establish a credit ...
The sectors have been categorized in accordance with their degree of regulation. The formal sector includes all regulated institutions like banks, non-bank financial institutions (FIs), insurance companies, capital market Intermediaries like brokerage houses, merchant banks etc.; micro finance institutions (MFIs).
Grameen Bank (Bengali: গ্রামীণ ব্যাংক) is a microfinance, specialized community development bank founded in Bangladesh. [5] [6] It provides small loans (known as microcredit or "grameencredit") [7] to the impoverished without requiring collateral.
Grameen Bank founder Muhammad Yunus will lead an interim government in Bangladesh after protests ousted Prime Minister Sheikh Hasina. A Nobel laureate and microfinance pioneer steps in to lead ...
Yunus at an opening ceremony of his new book in New York City in 2008. The allegations against Muhammad Yunus and Grameen Bank were made in a context where some people began to question the effectiveness of microfinance, prompted by the actions of some for-profit microfinance institutions (MFIs) in India and Mexico. [80]
The Bangladesh Code is an official compilation and codification of laws in Bangladesh, which is published by the Ministry of Law, Justice and Parliamentary Affairs of the Government of Bangladesh. The code was initiated in 1973 and first published in 1977. It has 47 volumes, of which 24 are in English and 23 are in Bengali.
Bangladesh Laws (Revision and Declaration) Act, 1973 (No 8) Bangladesh Rice Research Institute Act, 1973 (No 10) [Repealed] Finance Act, 1973 (No 11) Appropriation (Railways) Act, 1973 (No 12) Appropriation Act, 1973 (No 16) International Crimes (Tribunals) Act, 1973 (No 19) Bangladesh Fisheries Development Corporation Act, 1973 (No 22)
The Bangladesh (Taking Over of Control and Management of Industrial and Commercial Concerns) Order, 1972 (Acting President's Order) The Bangladesh (Administration of Financial Institutions) Order, 1972 (A.P.O.) The Bangladesh Law Officers Order, 1972 (President's Order) Bangladesh Collaborators (Special Tribunals) Order, 1972