NFIS-Tracker

NFIS National Council (NNC)

It is the highest strategic authority for implementation of NFIS and moving the national agenda for financial inclusion in Bangladesh. The NNC will provide the vision, strategic direction and required guidance and oversight in implementing the financial inclusion agenda. The NNC will be chaired by the Minister, Ministry of Finance.

The structure of the NNC will be as follows:

1. Minister, Ministry of Finance

-Chair

2. Minister, Ministry of Planning

-Member

3. Minister, Ministry of Law

-Member

4. Minister, Ministry of Agriculture

-Member

5. Minister, Ministry of Women & Children Affairs

-Member

6. Minister, Ministry of Commerce

-Member

7. Minister, Ministry of Industry

-Member

8. Minister, Ministry of Social Welfare

-Member

9. Minister, Ministry of LGRD and Co-operatives

-Member

10. Minister, Ministry of Labor and Employment

-Member

11. Minister, Ministry of Expatriates’ Welfare & Overseas Employment

-Member

12. Minister, Ministry of Posts, Telecommunications and Information Technology

-Member

13. Minister, ICT Division, Ministry of Posts, Telecommunications and Information Technology

-Member

14. Minister, Ministry of Primary & Mass Education

-Member

15. Minister, Ministry of Education

-Member

16. Minister, Ministry of Youth and Sports

-Member

17. Minister, Ministry of Health and Family Planning

-Member

18. Cabinet Secretary

-Member

19. Principal Secretary to Honorable Prime Minister

-Member

20. Chief Coordinator on SDGs Affairs of Prime Minister’s Office

-Member

21. Governor, Bangladesh Bank

-Member

22. Secretary, Financial Institutions Division, Ministry of Finance

-Member

23. President, Federation of Bangladesh Chambers of Commerce & Industries

-Member

24. President, Bangladesh Women Chamber of Commerce and Industry

-Member

25. Chairman, Association of Bankers Bangladesh

-Member

26. Chairman, Financial Institutions’ Promoters’ Association (FIPA)

-Member

27. Chairman, Bangladesh Association of Software and Information Systems

-Member

28. Representative, Local Consultative Group in Bangladesh

-Member

29. Deputy Governor, Bangladesh Bank

-Member Secretary

The Terms of Reference (ToR) of NNC will be as follows:

1. Approve a time bound target wise action plan based on the vision, core dimensions, objectives, strategic goals and targets of this strategy and review that plan annually.

2. Approve the financing strategy for implementing NFIS and provide directives to concerned agencies for allocation of resources.

3. Approve the Monitoring and Evaluation (M&E) framework of NFIS.

4. Approve a set of globally comparable national financial inclusion indicators as part of the M&E framework

5. Review this strategy in biennially and approve any modification, if needed.

6. Evaluate the progress of implementation of this strategy in annual basis.

7. Enable the environment of policy dialogue within public sector and private sector.

8. Provide guidance and leadership in policy, institutional, legal and other reforms necessary to realize the financial inclusion objectives and goals.

9. Approve appropriate coordination mechanisms at all levels and provide guidance for aligning the financial inclusion process with other processes.

10. Approve any change(s) in the formation of NFIS Steering Committee (NSC).

11. Conduct meeting of the NNC at least twice in a year.

12. The council can co-opt member anytime deem necessary.

13. Perform any other function as needed to achieve the financial inclusion goals including advising the Government on the best way forward.