Mobile wallets ensure smooth disbursement of SSN allowance

Once it was very difficult for Samena Begum, the 76-year-old woman in Chauddagram upazila under Comilla district, to withdraw her old age allowance from the bank but disbursement of the allowance through mobile wallet has made the process easier and comfortable for her, reports BSS.
Talking to BSS, Samena Begum said that she can now cash out her government allowance from a nearby Union Digital Center (UDC) easily and comfortably instead of going to the bank.
"Earlier, I faced trouble for receiving the allowance as I had to bring someone else to accompany me to the bank branch to withdraw the money, but I can now easily cash out the amount at a nearby MFS agent UDC," she said.
Kohinoor Begum, a middle-aged widow of the same upazila, also said earlier she had to go to the bank for receiving the allowance money.
"But now there is no hurry as I can easily cash out the amount at a nearby MFS agent UDC," she added.
The government has disbursed around Taka 5,885 crore under the social safety net (SSN) programmes like old-age allowance, widow allowance, allowances for the people with special needs or allowances for the underprivileged, and allowances for the students with special needs through mobile financial services (MFS) operators and agent banking in the 2020-21 fiscal year.
The disbursement of various social safety net allowances through MFS has ensured optimum transparency in the overall disbursement process alongside reducing hassles of the beneficiaries, said stakeholders and beneficiaries.
The government has allocated around Tk 1.07 trillion (1,07,614 crore) in the social security sector, which is 17.83 per cent of total budget and 3.11 per cent of the gross domestic product (GDP) in the 2021-22 fiscal.
Finance Minister AHM Mustafa Kamal while placing the budget for 2021-22 fiscal said Social Safety Nets (SSNs) have emerged as an essential component in the fight against poverty, and the government has been working diligently to adopt and implement bold, strong, people-centric and inclusive policies in poverty reduction.
He said the government has planned to cut the poverty rate to 12.3 per cent and the extreme poverty rate to 4.5 per cent by 2023-2024.
The minister said Father of the Nation Bangabandhu Sheikh Mujibur Rahman cherished a dream to build a prosperous and strong Bangladesh with a human face, set an example of establishing a welfare state, by improving the living standards of the country's poor, hapless, destitute and backward people.