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RANGPUR: Bangladesh Bank (BB) Governor Md Mostaqur Rahman today said the private sector plays a vital role in accelerating the country’s economic development and creating employment.
“The banks, entrepreneurs, institutions and all stakeholders should work in a coordinated manner to implement the ‘One Village, One Product’ concept for strengthening the rural economy by leveraging promising local entrepreneurs and products,” he said.
The governor made the remarks while speaking as the chief guest at a views exchange meeting at the Bangladesh Bank office in Rangpur on the effective implementation of the incentive package announced by BB for private-sector development.
The Rangpur office of Bangladesh Bank organised the meeting for stakeholders from the region to promote private-sector development, create entrepreneurs, boost employment and revitalise the local economy.
BB Rangpur Executive Director Md Salah Uddin presided over the meeting.
Bankers, civil society representatives, entrepreneurs, businesspeople, farmers’ representatives, heads of various government institutions, other stakeholders and journalists from Rangpur division attended the event.
Participants shared their views and experiences and made suggestions on private-sector development, financing for entrepreneurs, expanding local production and trade, and effectively implementing the BB incentive package.
The meeting placed special emphasis on the “One Village, One Product” concept, focusing on identifying promising local products and entrepreneurs, increasing production, expanding markets and ensuring necessary financing.
Discussions also focused on branding and marketing locally produced goods with potential to reach wider domestic and international markets, as well as bringing relevant entrepreneurs under the banking system.
The BB governor called on all stakeholders to work in a coordinated manner to implement the “One Village, One Product” concept and ensure effective implementation of the central bank’s incentive package for private-sector development.
He also advised customers to use the Bangladesh Bank hotline 16236 for direct communication with the central bank.
The governor urged banks concerned to take effective measures to ensure that the benefits of the incentive package reach genuine and deserving entrepreneurs.
He also emphasised expanding markets for products manufactured by entrepreneurs, facilitating access to finance and further revitalising local economic activities.
The meeting underscored the need for coordinated efforts among stakeholders to promote initiatives such as establishing cold-storage facilities in the Rangpur region, developing renewable energy, promoting export-oriented agricultural and industrial products, and strengthening human resource development.
