Dhaka: Bangladesh Bank (BB) Governor Md Mostaqur Rahman today said that the private sector plays a vital role in accelerating the country's economic development and job creation. "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.
According to Bangladesh Sangbad Sangstha, the Governor made this statement while addressing a views exchange meeting held at the Bangladesh Bank office in Rangpur. The meeting was organized to discuss the effective implementation of the incentive package announced by BB for private sector development. The Rangpur office of Bangladesh Bank organized the event for stakeholders of the Rangpur region, aiming to foster private sector development, create entrepreneurs, boost employment, and revitalize the local economy.
Executive Director of BB Rangpur office Md Salah Uddin presided over the meeting. Participants included bankers, civil society representatives, entrepreneurs, businesspeople, farmers' representatives, heads of government institutions, and journalists from the Rangpur division. They shared their views and experiences while forwarding suggestions on private sector development, financing for entrepreneurs, expansion of local production and trade, and the effective implementation of the 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 covered branding and marketing locally produced goods with high potential to reach wider domestic and international markets, as well as bringing the relevant entrepreneurs under the banking umbrella.
The BB Governor called upon all stakeholders to work in a coordinated manner to implement the "One Village, One Product" concept for effective implementation of the incentive package. He also advised using the hotline number 16236 for direct communication between customers and Bangladesh Bank. He urged concerned banks to ensure that the benefits of the incentive package reach genuine and deserving entrepreneurs.
Furthermore, the Governor emphasized expanding markets for products manufactured by entrepreneurs, facilitating access to finance, and further invigorating local economic activities. The meeting underscored the need for coordinated efforts among all stakeholders to foster initiatives such as establishing cold storage facilities in the Rangpur region, developing renewable energy, promoting export-oriented agricultural and industrial products, and human resource development.