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Capital formation (shares and savings)

Capital formation (shares and savings)

 

Overview of service delivery

Shares / savings are collected from the members of the approved party / association on the day of the weekly / fortnightly meeting for the deposit of shares / savings and the shares / savings are collected by writing in the passbook. The collected shares / savings are recorded in the weekly collection sheet of the association / party. The collected shares / savings are deposited in the bank through three part invoices. The bank deposit is recorded in the ledger of the upazila office and party / association and dividends are paid on shares / savings on an annual basis. The monthly report of capital formation is prepared and sent to the district office.

 

Time of receiving the service

Meeting day (once a week)

 

Required fees

Free

 

Place of service

Office of the Upazila Rural Development Officer

 

Officer in charge

Upazila Rural Development Officer

 

Necessary documents

1. Savings passbook

2. Association / team savings register

3. General ledger

4. Expenditure ledger

5. Weekly / fortnightly collection sheet

 

Terms of service

According to the by-laws of the party / association and the policy formulated by the project / program Relevant laws and regulations Party / association bye-laws, project / program management policies

 

Remedial officer in case of failure to provide service

Deputy Director concerned district