Dr. Yunus Expresses Interest in Establishing ‘Microcredit Bank’

Staff Correspondent

Dhaka, May 17, 2025: Interim government’s Chief Advisor Dr. Muhammad Yunus emphasized the necessity of establishing a ‘Microcredit Bank’ aimed at nurturing young and marginalized populations into entrepreneurs. He also proposed drafting a separate “Microcredit Regulatory Act” to implement this initiative.

Speaking as the chief guest at the inauguration of the new Microcredit Regulatory Authority (MRA) building in Agargaon, Dr. Yunus outlined the vision for the proposed bank.

Dr. Yunus stated that the bank would differ from conventional banks by operating on a foundation of trust and confidence, eliminating the need for collateral. The primary goal would be to promote social business and cultivate entrepreneurs in society.

“People are born entrepreneurs,” he remarked. “We want to equip them with the tools to fulfill their entrepreneurial potential through the support of this bank. Especially if young people are given the opportunity to invest, they can use their creativity and intellect to build new businesses.”

Highlighting the benefits of microcredit, Dr. Yunus said, “People who take microloans never run away without repaying. On the other hand, many have vanished after borrowing large sums from traditional banks. We need to move towards a truly accountable banking system.”

He further noted that MRA has played a constructive role not only in Bangladesh but also globally in the microcredit sector.

The event also featured speeches by Interim Government Finance Advisor Dr. Salehuddin Ahmed, Chief Advisor’s Special Assistant M. Anisuzzaman Chowdhury, Bangladesh Bank Governor Ahsan H. Mansur, and Secretary of the Financial Institutions Division Nazma Mobarak.