BRAC Bank has contributed a fund of BDT 4.54 crore to support 30,267 families in emergency food support.
Each family will receive BDT 1,500 which will enable them to buy essential food and other emergency necessities for two weeks, a press release said on Monday.
To implement the project the bank has signed an agreement with BRAC. BRAC will transfer the fund, on behalf of BRAC Bank, through mobile wallet bKash.
The distribution of money will be completed by the second week of August 2021.
In April 2021, Bangladesh Bank, through BRPD Circular Letter No. 09, requested all the scheduled banks to allocate a special CSR fund equivalent to one per cent of the banks’ 2020 profits. The fund is necessitated to support with essential food or equivalent support in cash, or health and hygiene materials, or medicare of suspected COVID patients, or financial support to those who have lost their livelihood and are affected by COVID-19.
BRAC Bank also stands with the program to support underprivileged families due to COVID-19.
AsifSaleh, Executive Director, BRAC, said, “We greatly appreciate this timely support from BRAC Bank. It will contribute to our initiative, DakcheAbarDesh, to bring food to the vulnerable households for whom the lockdown continues to prove particularly harsh.”
Selim RF Hussain, the 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. We would also thank BRAC for helping us in executing this enormous task, following the regulatory guidelines, to reaching out to the actual needy families.’’
