Prison staff can now receive interest‑free loans up to Tk3 lakh
Officials believe that the initiative will help boost discipline and professionalism
The government has introduced an interest-free loan scheme offering up to Tk300,000 for prison officers and staff to enhance professionalism and motivation within the prison service.
The initiative, titled the "Bangladesh Prisons Staff Family Security Project," is being implemented by the Prisons Directorate with support from Trust Bank.
It allows prison personnel to access interest-free loans ranging from Tk100,000 to Tk300,000 to cover major expenses such as medical treatment, weddings, or home construction.
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On 4 June this year, the Prisons Directorate issued a letter to all prison authorities nationwide, stating that eligible officers and staff could submit their applications between 20 and 25 June.
To qualify, applicants must have served for at least five years and have no record of departmental action. So far, 86 prison officers from the Chattogram region have applied.
Under the repayment terms, a Tk100,000 loan is payable in 20 installments, Tk200,000 in 25 installments, and Tk300,000 in 30 installments.
Md Mizan, a prison guard, shared his experience: "I tried to take a Tk200,000 loan from several banks to repair my house, but couldn't due to high interest rates. I ended up borrowing from relatives. This facility from the directorate is a blessing for prison staff."
Chattogram DIG (Prisons) Tipu Sultan told The Business Standard that the scheme goes beyond financial relief. "This project is not just financial assistance—it will also foster a sense of responsibility and professionalism among prison guards. After verification, applications have been sent to the directorate," he said.
Md Jannatul Farhad, assistant inspector general of Prisons (budget & development), added, "Previously, officers and staff got into trouble by taking bank loans at high interest rates. With this new interest-free loan, they'll be largely relieved from that pressure."
Officials believe it's a significant step toward improving the welfare and morale of prison staff.
