Prime Minister Sheikh Hasina said some people have earned name and fame by introducing themselves as a proponent of microcredit, but the reality is that the people of Bangladesh could not get benefit to that extent through it, reports BSS.

“Once upon a time we saw that some people tried to take applause with microcredit and we had extended support to it as we thought the people will be lifted out of the poverty line,” she said on Wednesday (Nov 14).

She continued: “But when we thought the issue deeply, we saw that poverty alleviation is not possible through it, rather it (poverty alleviation) is nurtured.”

The prime minister made the remarks while inaugurating ‘Development Fair-2019’ organised by the Palli Karma-Sahayak Foundation (PKSF) at Bangabandhu International Conference Centre (BICC).

The premier pointed out that Father of the Nation Bangabandhu Sheikh Mujibur Rahman had launched the microcredit scheme in the country after independence through Bangladesh Rural Development Board (BRDB) to boost production of agriculture products and market those properly by uniting the people through cooperatives.

In this connection, she said some people, however, have earned name and fame by introducing themselves as a proponent of the microcredit. “But reality is that the people of Bangladesh couldn’t get benefit from it to that extent,” she added.

The PKSF has arranged the seven-day ‘Development Fair-2019’ with a view to expanding the market of products made by marginal people and participants of different programmes of PKSF.

Ministers, advisers to the prime minister, parliament members, diplomats, distinguished persons and high civil and military officials were also present at the function.