Disbursement of educational assistance only through Nagad

The process of disbursing scholarships and stipends from the Prime Minister's Education Assistance Trust has resumed to support the educational activities of underprivileged and meritorious students.

As before, such educational aid will be distributed through the Postal Department's mobile financial service, Nagad.

Students from various educational institutions receive scholarships, tuition fees, and other benefits from the Prime Minister's Education Assistance Trust. In this phase, the government will provide scholarships and stipends to students from grade six to bachelor's (pass) and equivalent levels. 
The online registration process has already started. After registration, the government offices will verify the students in several phases. Selected students will be considered for financial aid, which will be disbursed only through Nagad.
The registration process started on 15 April for students in grades six and nine (in exceptional cases), bachelor's (pass), and equivalent levels. Using the designated software, students in grades six and nine can complete their registration by 30 April, while students at the bachelor's level can register until 15 May.

In 2024, a tripartite agreement was signed among the Bangladesh Post Office, the Prime Minister's Education Assistance Trust, and Nagad. Thus, Nagad became the sole mobile financial service provider for distributing these scholarships and stipends. Nagad was chosen for its vast nationwide network, low transaction cost, and hassle-free service.
When registering their name, a student must link an active Nagad account. After verification, the scholarship or stipend will be distributed directly into that Nagad wallet.

The Prime Minister's Education Assistance Trust also provides admission assistance to ensure the enrollment of poor and meritorious students in educational institutions. Currently, the amounts are BDT 5,000 at the secondary level, BDT 8,000 at the higher secondary level, and BDT 10,000 at the bachelor and equivalent levels.

The Ministry of Education also distributes various allowances, stipends, and grants through Nagad. This postal department's digital financial service disburses the government's educational assistance to even the remotest areas of Bangladesh. Besides, it distributes primary education stipends and various allowances from the Ministry of Social Welfare and other ministries.
Nagad has long been disbursing stipends, allowances, and other financial aid to various ministries at a very low cost.