Three factories have already agreed to join them. The pilot phase benefitted over 1,100 workers in the last two years.
Swisscontact, a MetLife Foundation-funded project, was launched at Dhaka to confirm the economic involvement of 60,000 workers in the readymade garment sector.
A statement says “Sarathi” plans to bring the practice of salary expenditure through bank accounts at 30 factories by June 2020.
It also intends to improve basic financial literacy on issues such as using bank accounts and cards, benefits of saving products, gaining control and privacy over earnings, planning and paying for recurring expenses and accessing savings and credit products.
Three factories have already agreed to join them. The pilot phase benefitted over 1,100 workers in the last two years.
Bank Asia and City Bank have signed a deal with Swisscontact and the partner commercial banks are to grant assistance through agent banking networks
MA Mannan, state minister for finance, said, “We need to agree that poverty is not our only problem, there are many other factors.”
