BRAC Bank has hosted the inauguration of 12 new TARA Agent Banking outlets, led by women, in nine districts throughout Bangladesh, marking a significant milestone in the bank’s commitment to promoting financial inclusion and women’s empowerment in the banking sector under its digital financial inclusion project with Bill and Melinda Gates Foundation. according to a press release.
The opening ceremony took place on March 06, 2024 in Ujanikandi, Cumilla district, with 11 other Agent Banking Outlets joining the celebration virtually.
This is a first-of-kind initiative of onboarding a group of women as Agent Partners of Agent Banking in Bangladesh. This inclusive initiative will usher a new chapter in inclusion of enterprising women entrepreneurs in Agent Banking business and it will go a long way in financial inclusion and empowerment of women in Bangladesh.
The Bill and Melinda Gates Foundation has supported this initiative, underlining its importance and alignment with global standards for financial empowerment and inclusion. Under the arrangement, expenses related to setup including infrastructure and technology of the outlets have been provided with financial assistance of the foundation.
