Microcredit Regulatory Authority

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Microcredit Regulatory Authority
Microcredit Regulatory Authority
The Microcredit Regulatory Authority (MRA) has been established by the Government of the People’s Republic of Bangladesh under the "Microcredit Regulatory Authority Act 2006” to promote and foster sustainable development of microfinance sector through creating an enabling environment for NGO-MFIs in Bangladesh. MRA is the central body to monitor and supervise microfinance operations of NGO-MFIs. License from the Authority is mandatory to operate microfinance operations in Bangladesh as an NGO.
 

Inauguration of Digital Mapping of Microfinance Access Points in Bangladesh

 

An inaugural ceremony of Digital Mapping of Microfinance Access Points in Bangladesh was held on 9th January, 2018 at MRA conference room. Mr. Md. Eunusur Rahman, Senior Secretary, Financial Institutions Division, Ministry of Finance, People's Republic of Bangladesh, was present as chief guest. Mr Arijit Chowdhury, Additional Secretary and Ms. Mursheda Jaman, Deputy Secretary were also present as special guests. The inaugural ceremony was presided over by Mr. Amalendu Mukherjee, EVC of MRA. All officials of MRA attended the event. The chief guest thanked MRA for such an initiative and said that Digital Mapping will help us to view the financial access points of Microfinance throughout the country. It will be helpful for the people to find out the MFIs access point to their nearby area and to choose the service providers (MFIs). Policy makers will be able to understand geographical existence of MFIs in Bangladesh which will help them in decision making process.


Regional Training Program on “Microcredit Operation and Management”.

 

A two-day long regional training program arranged by MRA on “Microcredit Operation and Management” at RRF Training and Resource Center, Jessore on 19 & 20 February, 2018. Mr. Amalendu Mukherjee, Executive Vice Chairman of Microcredit Regulatory Authority delivered his speech as chief guest in the program. MRA officials conducted various sessions specially on MRA Laws & Regulations; National Integrity Strategy; Anti Money Laundering & Combating Terrorist Financing; Service Innovation; Accounts; Budget; Internal Control & Audit; Financial Statement Analysis; Asset Procurement & Management; VAT, Tax and Stamp Related Act & Rules and issues related to microfinance operation in Bangladesh. Ninety five participants from different MFIs working in Kushtia, Khulna, Chuadanga, Jhenaidah, Narail, Magura, Jessore and Satkhira attended the program.