Bangladesh banks asked to spend portion of CSR funds on transgender community

The Bangladesh Bank has asked all scheduled banks to spend a portion of their Corporate Social Responsibility (CSR) funds to raise the transgender community’s living standards.

Published : 23 June 2015, 06:21 PM
Updated : 23 June 2015, 06:21 PM

The central bank issued a circular to this effect on Tuesday.
Earlier, it had instructed all banks and financial institutions to give loans to people of the third gender to help them run small and medium businesses.
On Dec 22, it also issued a guideline for the disbursement of CSR funds.
It asked the banks to ensure that 30 and 20 percent of their total CSR expenditure were for education and health respectively.
According to the latest BB data, the banks spent Tk 4.47 billion towards its CSR in 2013, some Tk 1.33 billion more than the previous year.