Finance Minister AMA Muhith suggested identifying the reasons why microcredit borrowers could not come out of the poverty.
He laid emphasis on innovativeness of the microcredit programmes to get effective results.
“Microcredit activities should be innovative and study is also required on the reasons as to why most of the borrowers could not make their luck out of it,” Muhith told the inaugural session of a two-day workshop in the city yesterday.
He said there should be more researches to ensure the best use of microcredit and the borrowers reaping its utmost benefits.
Ministry of Foreign Affairs and Palli Karma-Sahayak Foundation (PKSF) with cooperation from Indian Ocean Rim Association (IORA) organised the workshop titled “Promoting Micro-finance for Economic Development in IORA Region” at the PKSF Bhaban.
State Minister for Foreign Affairs M Shahriar Alam was the special guest at the inaugural session, presided over by PKSF managing director Md Abdul Karim.
Referring to the trend of the micro-credit activities and its impact on people’s livelihood, finance minister said Professor Muhammad Yunus gave microfinance a new dimension, but it was the PKSF that expanded the microcredit with an ideological approach from its very beginning.
