Nagad remains top choice for disbursing government allowances

Mobile financial service provider Nagad has consolidated its position as the leading platform for disbursing government allowances—including old-age, widow, and disability benefits—as well as education stipends under the national social safety net programme.

Although the disbursement window is open to all financial institutions, Nagad remains the preferred platform for beneficiaries, according to a press release issued on Monday.

In the January–March quarter of this year, approximately 1.47 crore beneficiaries selected Nagad to receive government allowances and stipends. During this period, total government disbursements through Nagad reached Tk3,049.23 crore across several categories.

Of this total, the largest number of beneficiaries and highest volume of funds were disbursed under the government's social safety net programme. Between January and March, around 1.31 crore beneficiaries received Tk2,878.35 crore through Nagad accounts—Tk300 crore more than in the same period last year.

Nagad also disbursed Tk32.68 crore in education stipends to 4,12,697 primary school students during the quarter.

During the same period, 5,785 students participating in sewing and embroidery training programmes received Tk2.68 crore through Nagad, marking an increase from the corresponding period last year.

In technical education, 1,22,937 students received stipends totalling Tk45.58 crore through Nagad—nearly Tk10 crore more than in the same period a year earlier.

Under the Madrasa Education Directorate, 38,055 students received Tk3.43 crore in stipends via the platform.

Meanwhile, under the Mother and Child Benefit Programme, Nagad disbursed Tk86.50 crore in maternity allowances to 10,11,557 beneficiaries.

The government also distributed funds under the 'Family Card' programme on a pilot basis through Nagad as part of the social safety net during the same period.

Md Samsul Islam, Chief Corporate Affairs Officer of Nagad, stated, "Nagad remains the preferred choice for customers receiving allowances, stipends, and government grants. We are grateful to our customers and the government for their trust. This confidence is a testament to our service quality, and as a result, both the number of beneficiaries and the volume of disbursements through Nagad continue to rise each quarter."

In the 2024–25 fiscal year, the government disbursed Tk9,000 crore in social safety net allowances via Nagad. The amount is expected to increase further in the current fiscal year, according to the press release.