BRPD Circular No. 19: Providing Loan and Credit Card Facilities to IT Freelancers having virtual ID Card

Banking Regulation and Policy Department Bangladesh Bank Head Office Dhaka. 27 December 2020 BRPD Circular No. 19 Date: ------------------ 12 Poush 1427 Managing Director / Chief Executive All Scheduled Banks operating in Bangladesh. Dear Sir, Regarding the provision of easy loan and credit card facilities to IT freelancers with Virtual ID Cards. Freelancers in the information technology sector are continuously increasing their earnings through foreign currency, and have already begun to make a significant contribution to the country's economy. In order to transform Bangladesh into a developed country by 2041, the government is undertaking and implementing various projects to create skilled human resources, foster entrepreneurship, create institutions, and increase investment through training in the freelancing sector. To provide social and institutional recognition to expert freelancers in the IT sector, the Ministry of Posts, Telecommunications and Information Technology has decided to provide Virtual ID Cards to IT freelancers in Bangladesh through its Information and Communication Technology Department. If loan and credit card facilities are provided easily to freelancers with Virtual ID Cards, the highly potential freelancing sector will have the opportunity to develop properly and, in accordance with the government's targets, can contribute to the national economy through foreign currency earnings. 02. In this regard, it is advised to take necessary measures to provide loan and credit card facilities to IT freelancers with Virtual ID Cards, subject to compliance with existing banking laws and regulations, for the necessary development of the potential freelancing sector. Yours faithfully, (Md. Nazrul Islam) Deputy Governor Phone: 9530252 DnNo: B: 19.00.0000.000.00.000.20.102