1. – Assist. Prof., School Of Business And Director Of The Univ. Of Liberal Arts Bangladesh, Bangladesh.
| Received
06-Aug-2018 |
Accepted
- |
Published
06-Aug-2018 |
Abstract
This paper focuses on a high-profile donor-funded
project for financially including Ready-made
Garments (RMG) workers in Bangladesh, by first
providing financial literacy sessions and second,
opening bank accounts for them, through an
innovation in banking known as agent banking.
The project donors are Swiss Agency for
Development Corporation and the MetLife
Foundation and is being implemented by
Swisscontact South Asia Regional Office (SARO).
The paper sheds light on challenges in developing
appropriate banking products, facilitating
financial literacy, opening bank accounts, and
regularizing usage of bank accounts by low-income
RMG workers. The paper also outlines
recommendations for overcoming the said
challenges.
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