Nagad to distribute stipend to primary students

Bangladesh Sangbad Sangstha . Dhaka | Published: 17:29, Dec 13,2020 | Updated: 00:24, Dec 14,2020


Attendants pose for a photo session at a tripartite agreement signing ceremony among the Department of Primary Education, Bangladesh Postal Department and Third Wave Technology Limited at the secretariat in Dhaka on Sunday. — Press Release Photo

The government is set to distribute stipends and allowances for accessories among 1.30 crore primary school students through the Postal Department’s digital financial service Nagad.

To this end, the Department of Primary Education on Sunday signed a tripartite agreement with Bangladesh Postal Department and Third Wave Technology Limited to eliminate the hassles that the students and their guardians have been facing in receiving the funds in the last few years, said a press release.

Directorate of Primary Education director general Alamgir Muhammad Mansurul Alam, Bangladesh Postal Department director general (additional charge) Md Siraz Uddin and Nagad executive director Md Shafayet Alam inked the agreement on behalf of their respective sides at a ceremony at the Ministry of Primary and Mass Education at the secretariat in the city.

Posts and telecommunications minister Mustafa Jabbar attended the programme virtually. State minister for primary and mass education Md Zakir Hossen, posts and telecommunications secretary Md Afzal Hossain, secretary of the primary and mass education ministry Golam Md Hashibul Alam and managing director of Nagad Tanvir A Mishuk were present in the meeting, among others.

Earlier, the government had to spend a total of Tk 21.50 per thousand in cash-out charges and data management, whereas Nagad will charge Tk 7.50 for every thousand. Besides, the recipients will get the full amount of cash-out charges from Nagad along with the stipend and allowances amount.

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