In the 107th meeting of the Board of Directors of Ansar-VDP Unnayan Bank, one of the key messages from the Director General (DG) of Bangladesh Ansar and VDP, Major General Abdul Motaleb Sazzad Mahmud, SGP, ndu, afwc, psc was the word "Unnayan" (development) in the bank's name should be expanded to include grassroots socioeconomic development, where Ansar VDP Club Associations will be at the heart of all activities.
In yesterday’s meeting, the DG of the Force discussed in detail the new programs of Ansar-VDP Unnayan Bank aimed at invigorating economic activities at the grassroots level across the country.
An important aspect of these activities is the direct involvement of VDP Club Associations with the bank. The Ansar-VDP Clubs will operate under the supervision of the Ansar VDP Cooperative Society (AVICO), where District Commandants and Upazila Ansar-VDP officials will take on the administrative responsibilities of managing the clubs.
The Ansar-VDP Clubs will play a significant role in social and economic development at the grassroots level. The club members, who will include Ansar-VDP members, will have the opportunity to improve their financial situation through club activities.
Ansar-VDP Unnayan Bank will provide group loans with easy terms for various small projects managed by the clubs' members. This loan facility will enable the members to expand their group business activities, which will significantly increase the loan repayment rate. Additionally, profits from successful projects will be deposited back into the bank, benefiting both the members financially and contributing to the bank's deposit growth.
Furthermore, the administrative processes in the management of the clubs will be orderly and policy-driven, making the loan distribution and installment collection process more effective. As a result, Ansar-VDP Unnayan Bank will be able to play a larger role in the country’s economic development.
During this board meeting, the Head of the Force and the current Chairman provided guidance on creating various effective committees for necessary reforms in the bank, which will further strengthen social security and development, especially for large customers and those at the grassroots level.
The meeting was attended by Md. Rafiqul Islam, BVBM, PVMS, Deputy Director General (Training), Managing Director of the bank, Mir Mofazzal Hossain, and other members of the Board of Directors.
The bank was established as a specialized bank in 1995 and began its operations on January 10, 1996.
