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BRAC Bank has launched a unique 'Smart Farmer's Card' to facilitate easy and smart banking solutions for farmers. This is a first-of-its-kindsmart card for farmers, says a press release.
The card will initially be offered to the members of Bangladesh Dairy Farmers' Association (BDFA) and gradually this would be offered to eligible farmers countrywide.
As an SME-focused bank, BRAC Bank always strives to bring grassroots entrepreneurs under the purview of formal banking service.
As part of the bank's continuous pursuit to help realise entrepreneurial dream of the smallholder farmers, BRAC Bank has introduced the Smart Farmer's Debit & Credit Card to ensure the financial inclusion of the large communities of farmers, who contribute significantly to the national economy.
Minister for Fisheries and Livestock SM Rezaul Karim formally launched the VISA-branded 'Smart Farmer's Card' at a ceremony at a hotel in Dhaka on Wednesday.
Dr Nahid Rashid, Secretary, Ministry of Fisheries and Livestock; Md Motasem Billah, Director, Payment Systems Department, Bangladesh Bank; Selim RF Hussain, Managing Director & CEO; and Syed Abdul Momen, Deputy Managing Director & Head of SME Banking, BRAC Bank; and M Imran Hossain, President, Bangladesh Dairy Farmers' Association, were present at the ceremony.