In one of its recent initiatives, the Sustainable Finance Department of Bangladesh Bank has directed all the scheduled banks to contribute 5 per cent of their total CSR budget to the Prime Minister’s Education Assistance Trust every year. The contribution will help the government build an illuminated nation that will be instrumental in building a better Bangladesh.
BRAC Bank handed over a cheque equivalent to Tk 11,517,754 to the Prime Minister’s Education Assistance Trust on 20 April 2022.
Selim R. F. Hussain, the Managing Director and CEO of BRAC Bank, stated, “We should be grateful to Bangladesh Bank for launching this timely effort that allows banks to contribute to the development of an educated nation. In only a few years, the Trust has done a remarkable job of supporting poor children’s education.”
“As we continue supporting the Trust, the result, in the long run, will have the upper hand in developing our country,” he added.
BRAC Bank is a value-based bank with a wide range of banking channels and complete banking solutions for people from all walks of life. The bank has also been recognized as one of the top 10 most sustainable banks by Bangladesh Bank.
Founded in 2012, Prime Minister’s Education Assistance Trust is a Bangladesh government trust fund under the Ministry of Education responsible for providing scholarships to underprivileged students based on merit. From 2014 to 2017, 746 thousand students received funding amounting to 4,110 million taka. In 2018, 279 thousand students received funding from the Prime Minister’s Education Assistance Trust.