Sarathi-Progress via economic inclusion, a progress challenge of Swisscontact Bangladesh and funded by MetLife Foundation, now signed an arrangement with BKMEA to support RMG workers and struggling factories who are influenced owing to the attack of COVID-19 pandemic. By this collaboration, 400 RMG staff will obtain a part of wage subsidy for retaining their present positions.
Sarathi- Progress by way of Money Inclusion, is working with professional financial institutions in Bangladesh to bring RMG staff and residential community customers in just the sphere of mainstream industrial banking and empower them to perform transactions as account holders and customers. Till day, Sarathi has engaged 4 commercial banking institutions to digitize the wage payment process of 49 RMG factories and via its interventions, 76,000 RMG workers are receiving their salaries in their respective financial institution accounts and have access to banking products and solutions and companies. In addition to that, 17,000 RMG staff have received money literacy training and 200,000 persons had been arrived at by way of mass awareness strategies done by Sarathi.
Under this settlement, Sarathi will collaborate with BKMEA to recognize small and medium scale RMG factories, who are struggling to obtain manufacturing orders in the time of the pandemic. That’s why, these battling RMG factories will be forced to partially or entirely shut down operation in the coming months, if they do not obtain extra generation orders from the worldwide manufacturers. This will result into loss of work opportunities for the RMG personnel. In these conditions, BKMEA will enable Sarathi to recognize the battling RMG factories dependent on distinct collection conditions and grant them partial wage subsidy to be ready to keep their complete function pressure.
Mr. Mohammad Hatem, 1st Vice President, BKMEA and Ms. Syeda Ishrat Fatema, Staff Leader, Sarathi signed the agreement on behalf of their respective businesses. Together with other individuals, Mr. Fazlee Shamim Ehsan, Director, BKMEA, Mr. Md. Saifur Rahman, Head of Communications, MetLife Bangladesh, Ms. Farzana Sharmin, Joint Secretary (Compliance Mobile), BKMEA, Ms. Rumana Akhter Tulee, Very first Vice President, Bank Asia Confined and Ms. Salma Akhter, Senior Advisor-Partnerships & Advocacy from Sarathi were also current in the digital signing ceremony.