The world is going through a tough time due to the coronavirus breakout and Bangladesh is not an exception. The worst affected of the crisis are the impoverished people in the society. Moreover, as food and other products are comparatively less affordable for them during the holy month of Ramadan, thousands of people are compelled to live on a very insignificant amount of food every day.
IPDC launched the product to provide assistance to the poor people in this situation. For each one lakh taka deposited in an ‘IPDC Manobota’ account, an impoverished family will be provided with food for an entire month by the joint contribution of the depositor and IPDC. Through this offer, the institution is encouraging everyone to stand beside the deprived while also saving their money in the account. Deposits can be made by both an individual and an organisation.
IPDC Finance Limited
IPDC Finance Limited (previously known as “Industrial Promotion and Development Company of Bangladesh Limited”) was founded and established by a distinguished group of shareholders namely Government of Bangladesh (Ministry of Industries and Ministry of Finance), International Finance Corporation (IFC), USA, German Investment and Development Company (DEG), Germany, The Aga Khan Fund for Economic Development (AKFED), Switzerland, and Commonwealth Development Corporation (CDC), UK.
From the very inception, IPDC on record has been playing an instrumental role in building up the nation when it was in the phase of dire need. Yet again IPDC emerged to rise to the latent demands of the people, when the nation witnesses an era of exponential growth, which were least expected from any financial institution so far. It’s acting as a catalyst for expansion of industrial, commercial and educational sectors. ♦
