By law, the project was to be merged with Palli Sanchay Bank in June this year. According to the Section 39 of the rural savings bank act, the ‘One House One Farm’ project was to be abolished on June 30, 2016. Asked about the 'legal complexities', the minister said after the meeting that “the extension of the project would not contradict the rural savings bank act.”The project will continue under rural savings bank, the minister said. After licence was issued by Bangladesh Bank, Hasina inaugurated 100 branches of the rural savings bank on June 22 this year. Asked how this legal complexity will be removed, Minister Mustafa Kamal said, "Palli Sanchay Bank will oversee the project.

Source: bd News24 October 25, 2016 18:33 UTC