Application Start Date:
June 7, 2022
Application End Date:
July 6, 2022
Type: Government Job
Total Views: 791
Job ID: #GJOB3492
Publish Date: June 7, 2022
Deadline Date: July 6, 2022
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Application Deadline: July 6, 2022
Organization Name: Probashi Kallyan Bank(PKB)
Short Name: PKB
Details: The state-run Probashi Kallyan Bank (PKB) was established by the Government of Bangladesh in 2010 to provide collateral free loan to workers going abroad for employment, provide loan to returnees to help them out employment within the country, facilitate sending remittance and encourage the wage-earners to invest in the country. Currently, PKB has 93 branches across the country and 1 booths at hajrat Shajalal international airports. It accepts deposits, extends loans to the migrants and returnees, buys and sells foreign currencies etc. Up to Dec 2021, PKB has sanctioned loan worth of Tk. 1200 crore with a recovery rate about 86% and granted migrant loans to 77,000 people. PKB not only provides loan, it also handles daily about 2000 overseas job-keepers everyday and collects various fees from them. The money is sanctioned to the migrants after securing employment contract, visa and passport. Maximum processing time for loan is 3 days. Usually PKB provide loan to jobseekers intended to migrate in any country, there is no restriction on it. The maturity period of loan provided by PKB depends on the employment contract. If one migrant goes abroad for 2 years, then first 2 months are considered as grace period. The migrant has to repay the loan at interest rate of 9% within next 22 months. The amount of loan for migrant is maximum 2 Lacs. There are also rehabilitation and project loans for the returnee migrants. PKB provided rehabilitation loan to 170 people; the recovery rate is about 62%. For returnee migrants, PKB provides 70 percent of total cost of projects as loan and it also provides suggestions about the projects. The amount of loan ranges from Tk. 2 lakh to Tk. 10 lakh. The interest rate for project of returnee migrant is 09 percent. It usually grants project loan within 2 weeks of application for the loan.http://www.pkb.gov.bd/