DHAKA, – Bangladesh Postal Department’s mobile financial service Nagad has signed an agreement with the Hindu Religious Welfare Trust, under the Ministry of Religious Affairs, for allowance disbursement.

Under the agreement, Hindu Religious Welfare Trust’s stipend and other allowance beneficiaries can now receive their money via Nagad. The agreement was signed recently between the two parties. Nagad Executive Director Md. Shafayet Alam and Ministry of Religious Affairs Deputy Secretary Dr. Dilip Kumar Gosh signed the agreement on behalf of their respective sides, said a press release today.

The Hindu Religious Welfare Trust Deputy Director Proshanto Kumar Biswas, Nagad’s Head of External Affairs Lt Col Md Kousar Soukat Ali (retd), Deputy General Manager of External Affairs Asma Alamgir were present, among others, on the occasion. From now on, because of the deal, the Hindu Religious Welfare Trust will not have to distribute the allowance manually.

The beneficiaries will get the allowance through Nagad instantly with lesser cost. “Nagad, from the beginning has been working with different government agencies and authorities. As a government service, we are happy to partner with Hindu Religious Welfare Trust,” said Nagad Executive Director Md. Shafayet Alam.

Ministry of Religious Affairs Deputy Secretary Dr. Dilip Kumar Gosh said, “Hindu Religious Welfare Trust every year disburse around Taka 5 crore to Taka 8 crore for monastery, temple, priest, education stipend and social welfare allowance,” He added, “This disbursement is a time consuming process. In partnership with Nagad we can minimize that time. Moreover, because of the reduced cost for Nagad, we can save money and add more beneficiaries.”