Guide to Microcredit (MFI) License in Bangladesh | MRA Procedure<\/title> <meta name=\"description\" content=\"A complete, step-by-step legal guide on how to get a microcredit license in Bangladesh from the Microcredit Regulatory Authority (MRA). Learn about eligibility, the application process, required documents, fees, and compliance.\"> <meta name=\"keywords\" content=\"microcredit license Bangladesh, MRA license Bangladesh, how to start a microfinance institution in Bangladesh, MFI license procedure, Microcredit Regulatory Authority Act 2006, microcredit application form, MFI in Bangladesh\">  <script src=\"https:\/\/cdn.tailwindcss.com\"><\/script> <script src=\"https:\/\/cdn.jsdelivr.net\/npm\/chart.js\"><\/script> <link rel=\"preconnect\" href=\"https:\/\/fonts.googleapis.com\"> <link rel=\"preconnect\" href=\"https:\/\/fonts.gstatic.com\" crossorigin> <link href=\"https:\/\/fonts.googleapis.com\/css2?family=Inter:wght@400;500;600;700&display=swap\" rel=\"stylesheet\"> <\/p>\n<style> body { font-family: 'Inter', sans-serif; background-color: #FDFBF8; color: #403A3A; } .nav-active { color: #D35400; border-bottom-color: #D35400; } .nav-item { border-bottom: 2px solid transparent; transition: all 0.3s ease; } .timeline-item::before { content: ''; position: absolute; left: -1px; top: 20px; height: calc(100% - 20px); width: 2px; background-color: #E5E7EB; } .timeline-item:last-child::before { display: none; } .timeline-dot { position: absolute; left: -9px; top: 12px; height: 20px; width: 20px; border-radius: 50%; background-color: #FDFBF8; border: 4px solid #D35400; } .accordion-content { max-height: 0; overflow: hidden; transition: max-height 0.6s ease-in-out; } .accordion-content.open { max-height: 1000px; \/* Increased max-height for full visibility *\/ } .chart-container { position: relative; width: 100%; max-width: 700px; margin-left: auto; margin-right: auto; height: 400px; max-height: 50vh; } <\/style>\n<p><\/head><body class=\"antialiased\"> <\/p>\n<div class=\"max-w-7xl mx-auto p-6 md:p-12\">  <\/p>\n<header class=\"text-center mb-12\"> <\/p>\n<h1 class=\"text-4xl md:text-5xl font-bold text-[#2C3E50]\">Guide to Obtaining a Microcredit License in Bangladesh<\/h1>\n<p> <pee class=\"mt-4 text-lg text-gray-600 leading-relaxed\">Your comprehensive resource for navigating the Microcredit Regulatory Authority (MRA) licensing framework.<\/pee> <\/header>\n<p> <\/p>\n<nav id=\"navbar\" class=\"sticky top-0 z-10 bg-[#FDFBF8]\/80 backdrop-blur-md border-b border-gray-200 mb-16\"> <\/p>\n<div class=\"flex justify-center items-center flex-wrap space-x-1 md:space-x-4 overflow-x-auto whitespace-nowrap p-4\"> <a href=\"#overview\" class=\"nav-item nav-active text-sm font-medium pb-2 px-1\" data-section=\"overview\">Overview<\/a> <a href=\"#eligibility\" class=\"nav-item text-gray-500 hover:text-[#D35400] text-sm font-medium pb-2 px-1\" data-section=\"eligibility\">Eligibility<\/a> <a href=\"#application-rules\" class=\"nav-item text-gray-500 hover:text-[#D35400] text-sm font-medium pb-2 px-1\" data-section=\"application-rules\">Application Rules<\/a> <a href=\"#process\" class=\"nav-item text-gray-500 hover:text-[#D35400] text-sm font-medium pb-2 px-1\" data-section=\"process\">Process<\/a> <a href=\"#mra-responsibilities\" class=\"nav-item text-gray-500 hover:text-[#D35400] text-sm font-medium pb-2 px-1\" data-section=\"mra-responsibilities\">MRA Responsibilities<\/a> <a href=\"#regulations\" class=\"nav-item text-gray-500 hover:text-[#D35400] text-sm font-medium pb-2 px-1\" data-section=\"regulations\">Regulations<\/a> <a href=\"#achievements\" class=\"nav-item text-gray-500 hover:text-[#D35400] text-sm font-medium pb-2 px-1\" data-section=\"achievements\">MRA Achievements<\/a> <a href=\"#documents\" class=\"nav-item text-gray-500 hover:text-[#D35400] text-sm font-medium pb-2 px-1\" data-section=\"documents\">Docs & Fees<\/a> <a href=\"#assistance\" class=\"nav-item text-gray-500 hover:text-[#D35400] text-sm font-medium pb-2 px-1\" data-section=\"assistance\">Get Help<\/a> <a href=\"#contact\" class=\"nav-item text-gray-500 hover:text-[#D35400] text-sm font-medium pb-2 px-1\" data-section=\"contact\">Contact Us<\/a> <\/div>\n<p> <\/nav>\n<p> <main class=\"space-y-24\"> <\/p>\n<section id=\"overview\" class=\"space-y-10 p-6 rounded-lg bg-white shadow-sm\"> <\/p>\n<h2 class=\"text-3xl md:text-4xl font-semibold text-[#2C3E50] border-b pb-4\">Regulatory Overview<\/h2>\n<p> <pee class=\"text-gray-700 leading-loose text-lg\"> To ensure transparency and accountability in the operations of microcredit institutions in Bangladesh and to efficiently regulate microcredit activities, the government enacted the <strong class=\"font-semibold\">Microcredit Regulatory Authority Act, 2006<\/strong>, and established the <strong class=\"font-semibold\">Microcredit Regulatory Authority (MRA)<\/strong>. According to section 15(1) of this Act, it is illegal for any private institution to operate microcredit activities without the MRA\u2019s certification. Any ongoing illegal activities will disqualify an institution from applying for certification. <\/pee> <\/p>\n<div class=\"grid md:grid-cols-3 gap-8 pt-6\"> <\/p>\n<div class=\"bg-[#F9EBEA] p-8 rounded-lg\"> <\/p>\n<h3 class=\"font-bold text-xl text-[#C0392B] mb-3\">Governing Law<\/h3>\n<p> <pee class=\"text-gray-800 leading-relaxed\">The cornerstone of regulation is the <span class=\"font-semibold\">Microcredit Regulatory Authority Act, 2006<\/span>. This Act empowers the MRA, defines what constitutes a microcredit organization, and establishes the complete framework for licensing, supervision, and governance. All rules, circulars, and directives stem from this primary law.<\/pee> <\/div>\n<p> <\/p>\n<div class=\"bg-[#EBF5FB] p-8 rounded-lg\"> <\/p>\n<h3 class=\"font-bold text-xl text-[#2980B9] mb-3\">Regulatory Body<\/h3>\n<p> <pee class=\"text-gray-800 leading-relaxed\">The <span class=\"font-semibold\">Microcredit Regulatory Authority (MRA)<\/span> is the exclusive government agency authorized to issue licenses and oversee all MFI activities in Bangladesh. No organization can legally conduct microcredit operations without a certificate of license from the MRA.<\/pee> <\/div>\n<p> <\/p>\n<div class=\"bg-[#E9F7EF] p-8 rounded-lg\"> <\/p>\n<h3 class=\"font-bold text-xl text-[#27AE60] mb-3\">Core Objectives<\/h3>\n<p> <pee class=\"text-gray-800 leading-relaxed\">The MRA’s mandate is twofold: to protect the financial interests of low-income households by ensuring fair practices, and to promote the overall health and sustainable growth of the microfinance sector as a key tool for poverty alleviation and economic development.<\/pee> <\/div>\n<p> <\/div>\n<p> <\/section>\n<p> <\/p>\n<section id=\"eligibility\" class=\"space-y-10 p-6 rounded-lg bg-white shadow-sm\"> <\/p>\n<h2 class=\"text-3xl md:text-4xl font-semibold text-[#2C3E50] border-b pb-4\">Mandatory Legal Registration<\/h2>\n<p> <pee class=\"text-gray-700 leading-loose text-lg\"> Before applying for an MRA license, an institution must be legally registered and in good standing under one of the following laws of Bangladesh. The choice of registration depends on the organization’s structure and objectives. <\/pee> <\/p>\n<div class=\"grid md:grid-cols-2 gap-8 pt-6\"> <\/p>\n<div class=\"border-l-4 border-orange-500 p-6 bg-orange-50 rounded-r-lg\"> <\/p>\n<h3 class=\"font-bold text-xl text-gray-800 mb-2\">As a Society or Foundation<\/h3>\n<p> <pee class=\"text-gray-600 leading-relaxed\">Register under the <strong class=\"font-semibold\">Societies Registration Act, 1860<\/strong>. This is suitable for organizations focused on social, cultural, and educational activities.<\/pee> <a href=\"https:\/\/legalseba.com\/bd-services\/foundation-registration-process-in-bangladesh-with-rjsc\/\" target=\"_blank\" class=\"text-orange-600 font-medium mt-3 inline-block\">See detail guide →<\/a> <\/div>\n<p> <\/p>\n<div class=\"border-l-4 border-blue-500 p-6 bg-blue-50 rounded-r-lg\"> <\/p>\n<h3 class=\"font-bold text-xl text-gray-800 mb-2\">As a Charitable Trust<\/h3>\n<p> <pee class=\"text-gray-600 leading-relaxed\">Established under the <strong class=\"font-semibold\">Trust Act, 1882<\/strong>. This is appropriate for entities aiming to provide financial assistance, healthcare, and educational support.<\/pee> <a href=\"https:\/\/legalseba.com\/bd-services\/trust-registration-in-bangladesh-a-comprehensive-guideline\/\" target=\"_blank\" class=\"text-blue-600 font-medium mt-3 inline-block\">See detail guide →<\/a> <\/div>\n<p> <\/p>\n<div class=\"border-l-4 border-green-500 p-6 bg-green-50 rounded-r-lg\"> <\/p>\n<h3 class=\"font-bold text-xl text-gray-800 mb-2\">As a Social Welfare Organization<\/h3>\n<p> <pee class=\"text-gray-600 leading-relaxed\">Register under the <strong class=\"font-semibold\">Voluntary Social Welfare Agencies Ordinance, 1961<\/strong>. This is for organizations primarily focused on voluntary social work.<\/pee> <a href=\"https:\/\/legalseba.com\/bd-services\/registering-social-welfare-organization-in-bangladesh\/\" target=\"_blank\" class=\"text-green-600 font-medium mt-3 inline-block\">See detail guide →<\/a> <\/div>\n<p> <\/p>\n<div class=\"border-l-4 border-purple-500 p-6 bg-purple-50 rounded-r-lg\"> <\/p>\n<h3 class=\"font-bold text-xl text-gray-800 mb-2\">As a Non-profit Company<\/h3>\n<p> <pee class=\"text-gray-600 leading-relaxed\">Incorporated under the <strong class=\"font-semibold\">Companies Act, 1994<\/strong> (usually Sec 28). Suitable for non-profits intending to operate on a larger scale without issuing shares.<\/pee> <a href=\"https:\/\/legalseba.com\/bd-services\/how-to-establish-a-trade-association-in-bangladesh\/\" target=\"_blank\" class=\"text-purple-600 font-medium mt-3 inline-block\">See detail guide →<\/a> <\/div>\n<p> <\/div>\n<p> <\/section>\n<p> <\/p>\n<section id=\"application-rules\" class=\"p-6 rounded-lg bg-white shadow-sm\"> <\/p>\n<h2 class=\"text-3xl md:text-4xl font-semibold text-[#2C3E50] border-b pb-4\">Application Rules & Provisional Targets<\/h2>\n<p> <pee class=\"text-gray-700 leading-loose mt-6 text-lg\"> The MRA follows a structured evaluation process. Applications are scored, and successful candidates are granted provisional approval with specific performance targets that must be met to secure a full license. <\/pee> <\/p>\n<div class=\"grid md:grid-cols-2 gap-12 mt-12\"> <\/p>\n<div> <\/p>\n<h3 class=\"text-2xl font-semibold text-gray-800 mb-6\">Evaluation & Capital Requirements<\/h3>\n<p> <\/p>\n<ul class=\"space-y-6 text-gray-700 leading-relaxed\"> <\/p>\n<li class=\"flex items-start\"><span class=\"text-blue-500 mr-4 mt-1 text-2xl\">①<\/span>\n<div><strong>100-Point Evaluation:<\/strong> Applications are evaluated on a scale of 100 points. A score below 49 leads to rejection. Institutions scoring 49 or above get 3 months to correct any issues.<\/div>\n<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-blue-500 mr-4 mt-1 text-2xl\">②<\/span>\n<div><strong>Initial Capital Deposit:<\/strong> Satisfactory applicants must deposit a minimum of <strong class=\"font-semibold text-gray-900\">1 crore taka<\/strong> as initial loanable funds in a bank account.<\/div>\n<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-red-500 mr-4 mt-1 text-2xl\">⚠<\/span>\n<div><strong>Fund Usage Restriction:<\/strong> This deposited capital can <strong class=\"font-semibold text-red-700\">only<\/strong> be used for microcredit activities. Withdrawing funds without prior MRA approval before receiving provisional approval will lead to application rejection.<\/div>\n<\/li>\n<p> <\/ul>\n<p> <\/div>\n<p> <\/p>\n<div> <\/p>\n<h3 class=\"text-2xl font-semibold text-gray-800 mb-6\">3-Year Provisional Approval Targets<\/h3>\n<p> <pee class=\"text-gray-700 mb-4\">Once provisional approval is granted, the MFI must achieve the following targets:<\/pee> <\/p>\n<div class=\"overflow-x-auto\"> <\/p>\n<table class=\"w-full text-left border-collapse\"> <\/p>\n<thead> <\/p>\n<tr class=\"bg-gray-100\"> <\/p>\n<th class=\"p-4 font-semibold border-b\">Time Frame<\/th>\n<p> <\/p>\n<th class=\"p-4 font-semibold border-b\">Minimum Borrowers<\/th>\n<p> <\/p>\n<th class=\"p-4 font-semibold border-b\">Loan Balance (Taka)<\/th>\n<p> <\/tr>\n<p> <\/thead>\n<p> <\/p>\n<tbody> <\/p>\n<tr> <\/p>\n<td class=\"p-4 border-b\">End of 1st Year<\/td>\n<p> <\/p>\n<td class=\"p-4 border-b\">600<\/td>\n<p> <\/p>\n<td class=\"p-4 border-b\">1.5 crore<\/td>\n<p> <\/tr>\n<p> <\/p>\n<tr> <\/p>\n<td class=\"p-4 border-b\">End of 2nd Year<\/td>\n<p> <\/p>\n<td class=\"p-4 border-b\">1,000<\/td>\n<p> <\/p>\n<td class=\"p-4 border-b\">2.5 crore<\/td>\n<p> <\/tr>\n<p> <\/p>\n<tr> <\/p>\n<td class=\"p-4 border-b\">End of 3rd Year<\/td>\n<p> <\/p>\n<td class=\"p-4 border-b\">1,200<\/td>\n<p> <\/p>\n<td class=\"p-4 border-b\">3 crore<\/td>\n<p> <\/tr>\n<p> <\/tbody>\n<p> <\/table>\n<p> <\/div>\n<p> <pee class=\"text-sm text-gray-600 mt-3 leading-relaxed\"><strong>Key Conditions:<\/strong> At least 70% of total customers must be borrowers, and the deposit balance must not exceed 30% of the loan balance. Failure to meet these targets can lead to cancellation of provisional approval.<\/pee> <\/div>\n<p> <\/div>\n<p> <\/section>\n<p> <\/p>\n<section id=\"process\" class=\"p-6 rounded-lg bg-white shadow-sm\"> <\/p>\n<h2 class=\"text-3xl md:text-4xl font-semibold text-[#2C3E50] border-b pb-4\">The Application Process: A Step-by-Step Timeline<\/h2>\n<p> <pee class=\"text-gray-700 leading-loose mt-6 text-lg\"> The MRA license application process is systematic, starting with an online submission and followed by several stages of verification and approval. Click on each step for more details. <\/pee> <\/p>\n<div class=\"relative mt-12 pl-8 space-y-16\"> <\/p>\n<div class=\"timeline-item\"> <\/p>\n<div class=\"timeline-dot\"><\/div>\n<p> <\/p>\n<div class=\"process-step cursor-pointer\" data-target=\"step1-details\"> <pee class=\"text-md text-[#D35400] font-medium\">Step 1: Online Application & Fee<\/pee> <\/p>\n<h3 class=\"text-xl font-semibold text-gray-800 mt-1\">Submit Prescribed Form Online<\/h3>\n<p> <\/p>\n<div id=\"step1-details\" class=\"accordion-content text-gray-600 mt-2 leading-relaxed\"> The journey begins by submitting the application online in the MRA’s prescribed form. A non-refundable application fee of 1,000 Taka must be deposited via bank transfer, and the proof of payment must be attached as a PDF. <\/div>\n<p> <\/div>\n<p> <\/div>\n<p> <\/p>\n<div class=\"timeline-item\"> <\/p>\n<div class=\"timeline-dot\"><\/div>\n<p> <\/p>\n<div class=\"process-step cursor-pointer\" data-target=\"step2-details\"> <pee class=\"text-md text-[#D35400] font-medium\">Step 2: MRA Evaluation<\/pee> <\/p>\n<h3 class=\"text-xl font-semibold text-gray-800 mt-1\">Scoring and Document Verification<\/h3>\n<p> <\/p>\n<div id=\"step2-details\" class=\"accordion-content text-gray-600 mt-2 leading-relaxed\"> The MRA evaluates the application based on its 100-point scoring system. If the score is 49 or above, the institution is given time to rectify any issues. The authority also conducts field-level verification to validate the application’s claims. <\/div>\n<p> <\/div>\n<p> <\/div>\n<p> <\/p>\n<div class=\"timeline-item\"> <\/p>\n<div class=\"timeline-dot\"><\/div>\n<p> <\/p>\n<div class=\"process-step cursor-pointer\" data-target=\"step3-details\"> <pee class=\"text-md text-[#D35400] font-medium\">Step 3: Capital Deposit Instruction<\/pee> <\/p>\n<h3 class=\"text-xl font-semibold text-gray-800 mt-1\">Instruction to Deposit Funds<\/h3>\n<p> <\/p>\n<div id=\"step3-details\" class=\"accordion-content text-gray-600 mt-2 leading-relaxed\"> If the evaluation and verification are satisfactory, the MRA instructs the applicant to deposit the required initial capital of at least 1 crore Taka into a designated bank account. <\/div>\n<p> <\/div>\n<p> <\/div>\n<p> <\/p>\n<div class=\"timeline-item\"> <\/p>\n<div class=\"timeline-dot\"><\/div>\n<p> <\/p>\n<div class=\"process-step cursor-pointer\" data-target=\"step4-details\"> <pee class=\"text-md text-[#D35400] font-medium\">Step 4: Provisional Approval<\/pee> <\/p>\n<h3 class=\"text-xl font-semibold text-gray-800 mt-1\">3-Year Provisional License<\/h3>\n<p> <\/p>\n<div id=\"step4-details\" class=\"accordion-content text-gray-600 mt-2 leading-relaxed\"> After confirming the capital deposit, the MRA grants a provisional approval for 3 years. During this period, the institution must operate microcredit activities and meet the specific growth targets set by the authority. <\/div>\n<p> <\/div>\n<p> <\/div>\n<p> <\/p>\n<div class=\"timeline-item\"> <\/p>\n<div class=\"timeline-dot\"><\/div>\n<p> <\/p>\n<div class=\"process-step cursor-pointer\" data-target=\"step5-details\"> <pee class=\"text-md text-[#D35400] font-medium\">Step 5: Full Certification<\/pee> <\/p>\n<h3 class=\"text-xl font-semibold text-gray-800 mt-1\">Issuance of Final License<\/h3>\n<p> <\/p>\n<div id=\"step5-details\" class=\"accordion-content text-gray-600 mt-2 leading-relaxed\"> If the MFI successfully achieves its targets within the 3-year provisional period and complies with all MRA rules, the Authority issues the final, permanent Certificate of License. <\/div>\n<p> <\/div>\n<p> <\/div>\n<p> <\/div>\n<p> <\/section>\n<p> <\/p>\n<section id=\"mra-responsibilities\" class=\"p-6 rounded-lg bg-white shadow-sm\"> <\/p>\n<h2 class=\"text-3xl md:text-4xl font-semibold text-[#2C3E50] border-b pb-4\">Core Responsibilities of the MRA<\/h2>\n<p> <pee class=\"text-gray-700 leading-loose mt-6 text-lg\"> The MRA is tasked with a wide range of responsibilities to ensure the stability, growth, and integrity of the entire microfinance sector in Bangladesh. <\/pee> <\/p>\n<div class=\"mt-12\"> <\/p>\n<ul class=\"space-y-4 text-gray-700 grid md:grid-cols-2 lg:grid-cols-3 gap-x-8 gap-y-6\"> <\/p>\n<li class=\"flex items-start\"><span class=\"text-green-500 font-bold mr-3 mt-1\">✓<\/span> Issuing licenses for microfinance operations.<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-green-500 font-bold mr-3 mt-1\">✓<\/span> Formulating policies for the microfinance sector.<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-green-500 font-bold mr-3 mt-1\">✓<\/span> Inspecting microfinance institutions.<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-green-500 font-bold mr-3 mt-1\">✓<\/span> Addressing irregularities found during inspections.<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-green-500 font-bold mr-3 mt-1\">✓<\/span> Protecting clients\u2019 interests.<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-green-500 font-bold mr-3 mt-1\">✓<\/span> Analyzing financial and management reports from MFIs.<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-green-500 font-bold mr-3 mt-1\">✓<\/span> Approving MFI policy changes (e.g., name, address).<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-green-500 font-bold mr-3 mt-1\">✓<\/span> Certifying eligibility for foreign\/domestic loans.<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-green-500 font-bold mr-3 mt-1\">✓<\/span> Providing NOCs for capital market fundraising.<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-green-500 font-bold mr-3 mt-1\">✓<\/span> Providing training for MFI human resources.<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-green-500 font-bold mr-3 mt-1\">✓<\/span> Publishing research related to the sector.<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-green-500 font-bold mr-3 mt-1\">✓<\/span> Implementing ease of doing business and online services.<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-green-500 font-bold mr-3 mt-1\">✓<\/span> Implementing national goals like SDGs and APA.<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-green-500 font-bold mr-3 mt-1\">✓<\/span> Providing NOCs for agent banking, mobile financial services etc.<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-green-500 font-bold mr-3 mt-1\">✓<\/span> Coordinating among MFIs, Banks, and other stakeholders.<\/li>\n<p> <\/ul>\n<p> <\/div>\n<p> <\/section>\n<p>  <\/p>\n<section id=\"regulations\" class=\"p-6 rounded-lg bg-white shadow-sm\"> <\/p>\n<h2 class=\"text-3xl md:text-4xl font-semibold text-[#2C3E50] border-b pb-4\">Recent Regulatory Developments & Key Circulars<\/h2>\n<p> <pee class=\"text-gray-700 leading-loose mt-6 text-lg\"> The MRA continuously updates its regulations through circulars to adapt to the evolving microfinance landscape. Staying compliant with these directives is mandatory for all licensed institutions. Here are some of the most critical recent provisions. <\/pee> <\/p>\n<div class=\"grid md:grid-cols-2 lg:grid-cols-3 gap-8 mt-12\"> <\/p>\n<div class=\"border p-6 rounded-lg bg-gray-50\"> <\/p>\n<h3 class=\"font-semibold text-lg text-gray-800 mb-2\">Maximum Service Charge<\/h3>\n<p> <pee class=\"text-gray-600 leading-relaxed\">The service charge (interest) on loans cannot exceed <strong class=\"text-gray-900\">24% per annum<\/strong>. <span class=\"block mt-2 text-sm text-[#D35400]\">(Circular 50)<\/span><\/pee> <\/div>\n<p> <\/p>\n<div class=\"border p-6 rounded-lg bg-gray-50\"> <\/p>\n<h3 class=\"font-semibold text-lg text-gray-800 mb-2\">Minimum Deposit Interest<\/h3>\n<p> <pee class=\"text-gray-600 leading-relaxed\">A minimum interest rate of <strong class=\"text-gray-900\">6% per annum<\/strong> must be paid on member deposits. <span class=\"block mt-2 text-sm text-[#D35400]\">(Circular 5)<\/span><\/pee> <\/div>\n<p> <\/p>\n<div class=\"border p-6 rounded-lg bg-gray-50\"> <\/p>\n<h3 class=\"font-semibold text-lg text-gray-800 mb-2\">Loan Repayment Terms<\/h3>\n<p> <pee class=\"text-gray-600 leading-relaxed\">Weekly loans must have a <strong class=\"text-gray-900\">15-day grace period<\/strong> and be repaid in at least <strong class=\"text-gray-900\">46 installments<\/strong>. <span class=\"block mt-2 text-sm text-[#D35400]\">(Circulars 5 & 8)<\/span><\/pee> <\/div>\n<p> <\/p>\n<div class=\"border p-6 rounded-lg bg-gray-50\"> <\/p>\n<h3 class=\"font-semibold text-lg text-gray-800 mb-2\">Miscellaneous Costs<\/h3>\n<p> <pee class=\"text-gray-600 leading-relaxed\">Total fees for forms, passbooks, etc., shall not exceed <strong class=\"text-gray-900\">BDT 25<\/strong>. <span class=\"block mt-2 text-sm text-[#D35400]\">(Circular 23)<\/span><\/pee> <\/div>\n<p> <\/p>\n<div class=\"border p-6 rounded-lg bg-gray-50\"> <\/p>\n<h3 class=\"font-semibold text-lg text-gray-800 mb-2\">Bad Debt Write-Off<\/h3>\n<p> <pee class=\"text-gray-600 leading-relaxed\">Bad debts can be written off after <strong class=\"text-gray-900\">two years<\/strong>, provided 100% Loan Loss Provisioning is made. <span class=\"block mt-2 text-sm text-[#D35400]\">(Circular 21)<\/span><\/pee> <\/div>\n<p> <\/p>\n<div class=\"border p-6 rounded-lg bg-gray-50\"> <\/p>\n<h3 class=\"font-semibold text-lg text-gray-800 mb-2\">Use of Surplus Funds<\/h3>\n<p> <pee class=\"text-gray-600 leading-relaxed\">A maximum of <strong class=\"text-gray-900\">35% of cumulative surplus<\/strong> can be used for purchasing immovable property, with prior MRA approval. <span class=\"block mt-2 text-sm text-[#D35400]\">(Circulars 33, 47, 48)<\/span><\/pee> <\/div>\n<p> <\/p>\n<div class=\"border p-6 rounded-lg bg-gray-50\"> <\/p>\n<h3 class=\"font-semibold text-lg text-gray-800 mb-2\">CEO & Office Rules<\/h3>\n<p> <pee class=\"text-gray-600 leading-relaxed\">The CEO must work from the Head Office. Liaison offices cannot be funded by microfinance surplus. <span class=\"block mt-2 text-sm text-[#D35400]\">(Circular 35)<\/span><\/pee> <\/div>\n<p> <\/p>\n<div class=\"border p-6 rounded-lg bg-gray-50\"> <\/p>\n<h3 class=\"font-semibold text-lg text-gray-800 mb-2\">Financial Records<\/h3>\n<p> <pee class=\"text-gray-600 leading-relaxed\">Printed hard copies of the General Ledger and Cash Book must be maintained annually. <span class=\"block mt-2 text-sm text-[#D35400]\">(Circular 52)<\/span><\/pee> <\/div>\n<p> <\/p>\n<div class=\"border p-6 rounded-lg bg-gray-50\"> <\/p>\n<h3 class=\"font-semibold text-lg text-gray-800 mb-2\">AML\/CFT Compliance<\/h3>\n<p> <pee class=\"text-gray-600 leading-relaxed\">All MFIs must strictly implement the <strong class=\"text-gray-900\">Money Laundering Prevention Act, 2012<\/strong> and associated rules. <\/pee> <\/div>\n<p> <\/p>\n<div class=\"border p-6 rounded-lg bg-gray-50\"> <\/p>\n<h3 class=\"font-semibold text-lg text-gray-800 mb-2\">Capital Market Fundraising<\/h3>\n<p> <pee class=\"text-gray-600 leading-relaxed\">MRA-licensed MFIs are permitted to raise funds from capital markets. <span class=\"block mt-2 text-sm text-[#D35400]\">(Circular 61)<\/span><\/pee> <\/div>\n<p> <\/p>\n<div class=\"border p-6 rounded-lg bg-gray-50\"> <\/p>\n<h3 class=\"font-semibold text-lg text-gray-800 mb-2\">Inter-MFI Financing<\/h3>\n<p> <pee class=\"text-gray-600 leading-relaxed\">MFIs are authorized to receive financing from other MFIs. <span class=\"block mt-2 text-sm text-[#D35400]\">(Circular 73)<\/span><\/pee> <\/div>\n<p> <\/div>\n<p> <\/section>\n<p>  <\/p>\n<section id=\"achievements\" class=\"p-6 rounded-lg bg-white shadow-sm\"> <\/p>\n<h2 class=\"text-3xl md:text-4xl font-semibold text-[#2C3E50] border-b pb-4\">MRA’s Key Initiatives & Achievements<\/h2>\n<p> <pee class=\"text-gray-700 leading-loose mt-6 text-lg\"> The MRA has some significant achievements that have paved the way for forging robust accountability in Bangladesh\u2019s microfinance ecosystem. <\/pee> <\/p>\n<div class=\"mt-12\"> <\/p>\n<ul class=\"space-y-4 text-lg text-gray-800 grid md:grid-cols-2 gap-x-12 gap-y-4\"> <\/p>\n<li class=\"flex items-start\"><span class=\"text-blue-500 font-bold mr-3 mt-1\">➤<\/span> Microcredit Regulatory Authority Rules, 2010<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-blue-500 font-bold mr-3 mt-1\">➤<\/span> Microcredit Regulatory Authority Staff Regulations, 2009<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-blue-500 font-bold mr-3 mt-1\">➤<\/span> Depositors\u2019 Safety Fund Rules, 2014<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-blue-500 font-bold mr-3 mt-1\">➤<\/span> Microfinance Information Rules, 2020<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-blue-500 font-bold mr-3 mt-1\">➤<\/span> Rationalized Service Charge & Savings Rates<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-blue-500 font-bold mr-3 mt-1\">➤<\/span> Capital Raising via Bonds<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-blue-500 font-bold mr-3 mt-1\">➤<\/span> Introduction of KYC & Inspection Manuals<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-blue-500 font-bold mr-3 mt-1\">➤<\/span> Ensured Loan Grace Periods & Reduced Costs<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-blue-500 font-bold mr-3 mt-1\">➤<\/span> Human Resources Development & Training<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-blue-500 font-bold mr-3 mt-1\">➤<\/span> Membership of AFI & APRACA<\/li>\n<p> <\/ul>\n<p> <\/div>\n<p> <\/section>\n<p> <\/p>\n<section id=\"documents\" class=\"p-6 rounded-lg bg-white shadow-sm\"> <\/p>\n<h2 class=\"text-3xl md:text-4xl font-semibold text-[#2C3E50] border-b pb-4\">Documents & Fee Structure<\/h2>\n<p> <pee class=\"text-gray-700 leading-loose mt-6 text-lg\"> Assembling a complete and accurate set of documents for the online application is critical. The fee structure is determined by the MRA and is non-negotiable. <\/pee> <\/p>\n<div class=\"grid md:grid-cols-2 gap-12 mt-12\"> <\/p>\n<div> <\/p>\n<h3 class=\"text-2xl font-semibold text-gray-800 mb-6\">Application Fee Payment Details<\/h3>\n<p> <\/p>\n<div class=\"bg-gray-100 p-6 rounded-lg border\"> <pee class=\"text-lg text-gray-800\">A fee of <strong class=\"font-bold text-2xl\">1,000\/- Taka<\/strong> must be deposited into the MRA’s bank account. The deposit slip must be attached to the online application.<\/pee> <\/p>\n<ul class=\"mt-4 space-y-2 text-gray-700\"> <\/p>\n<li><strong>Bank:<\/strong> Sonali Bank Limited<\/li>\n<p> <\/p>\n<li><strong>Branch:<\/strong> Moghbazar Branch<\/li>\n<p> <\/p>\n<li><strong>Account No:<\/strong> 0119803000029<\/li>\n<p> <\/p>\n<li><strong>Routing No:<\/strong> 200274186<\/li>\n<p> <\/ul>\n<p> <\/div>\n<p> <\/p>\n<h3 class=\"text-2xl font-semibold text-gray-800 mb-6 mt-10\">Essential Document Checklist<\/h3>\n<p> <\/p>\n<ul class=\"space-y-4 text-gray-700 leading-relaxed\"> <\/p>\n<li class=\"flex items-start\"><span class=\"text-green-500 mr-3 mt-1\">✓<\/span> Attested copy of the society\/trust\/company registration certificate.<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-green-500 mr-3 mt-1\">✓<\/span> Attested copy of the certified Constitution\/Bylaws\/Memorandum.<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-green-500 mr-3 mt-1\">✓<\/span> Audited financial statements.<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-green-500 mr-3 mt-1\">✓<\/span> Profiles of all Executive\/Governing Board members (NID, Photo, TIN).<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-green-500 mr-3 mt-1\">✓<\/span> Board Resolution authorizing the MRA license application.<\/li>\n<p> <\/ul>\n<p> <\/div>\n<p> <\/p>\n<div> <\/p>\n<h3 class=\"text-2xl font-semibold text-gray-800 mb-6 text-center\">Standard Certification Fees (BDT)<\/h3>\n<p> <\/p>\n<div class=\"chart-container\"> <canvas id=\"feesChart\"><\/canvas> <\/div>\n<p> <pee class=\"text-center text-sm text-gray-600 mt-4\">These are indicative fees for full certification and renewal, separate from the initial 1,000 Taka application fee.<\/pee> <\/div>\n<p> <\/div>\n<p> <\/section>\n<p>  <\/p>\n<section id=\"assistance\" class=\"p-6 rounded-lg bg-white shadow-sm\"> <\/p>\n<h2 class=\"text-3xl md:text-4xl font-semibold text-[#2C3E50] border-b pb-4\">How LegalSeba Can Help with Microcredit Licensing<\/h2>\n<p> <pee class=\"text-gray-700 leading-loose mt-6 text-lg\"> At LegalSeba, we provide a robust suite of services to facilitate your microcredit licensing process in Bangladesh. Our offerings include: <\/pee> <\/p>\n<div class=\"grid md:grid-cols-2 lg:grid-cols-3 gap-8 mt-12\"> <\/p>\n<div class=\"bg-teal-50 border border-teal-200 p-6 rounded-lg\"> <\/p>\n<h3 class=\"font-semibold text-xl text-teal-800 mb-3\">Expert Consultation<\/h3>\n<p> <pee class=\"text-gray-600 leading-relaxed\">We assess your business requirements and guide you through the eligibility criteria set by the Microcredit Regulatory Authority (MRA).<\/pee> <\/div>\n<p> <\/p>\n<div class=\"bg-teal-50 border border-teal-200 p-6 rounded-lg\"> <\/p>\n<h3 class=\"font-semibold text-xl text-teal-800 mb-3\">Document Preparation<\/h3>\n<p> <pee class=\"text-gray-600 leading-relaxed\">Our team assists in collecting and preparing all necessary documentation to ensure compliance with MRA regulations.<\/pee> <\/div>\n<p> <\/p>\n<div class=\"bg-teal-50 border border-teal-200 p-6 rounded-lg\"> <\/p>\n<h3 class=\"font-semibold text-xl text-teal-800 mb-3\">Application Management<\/h3>\n<p> <pee class=\"text-gray-600 leading-relaxed\">We handle the entire application process, from submission to approval, ensuring all steps are meticulously followed.<\/pee> <\/div>\n<p> <\/p>\n<div class=\"bg-teal-50 border border-teal-200 p-6 rounded-lg\"> <\/p>\n<h3 class=\"font-semibold text-xl text-teal-800 mb-3\">Continuous Follow-up<\/h3>\n<p> <pee class=\"text-gray-600 leading-relaxed\">We maintain regular communication with the MRA to track your application status and address any queries or additional requirements promptly.<\/pee> <\/div>\n<p> <\/p>\n<div class=\"bg-teal-50 border border-teal-200 p-6 rounded-lg\"> <\/p>\n<h3 class=\"font-semibold text-xl text-teal-800 mb-3\">Inspection Preparation<\/h3>\n<p> <pee class=\"text-gray-600 leading-relaxed\">We help you prepare for MRA inspections to ensure your infrastructure and operations meet all regulatory standards.<\/pee> <\/div>\n<p> <\/p>\n<div class=\"bg-teal-50 border border-teal-200 p-6 rounded-lg\"> <\/p>\n<h3 class=\"font-semibold text-xl text-teal-800 mb-3\">Lobbying with Authorities<\/h3>\n<p> <pee class=\"text-gray-600 leading-relaxed\">We facilitate effective communication with government authorities to smoothen the licensing process.<\/pee> <\/div>\n<p> <\/div>\n<p> <pee class=\"text-gray-700 leading-loose mt-8 text-lg\"> By choosing LegalSeba, you can navigate the complex regulatory environment with confidence, allowing you to focus on expanding your microcredit operations. <\/pee> <\/section>\n<p>  <\/p>\n<section id=\"contact\" class=\"p-6 rounded-lg bg-white shadow-sm\"> <\/p>\n<h2 class=\"text-3xl md:text-4xl font-semibold text-[#2C3E50] border-b pb-4\">Contact Us<\/h2>\n<p> <\/p>\n<div class=\"mt-6 text-lg text-center\"> <pee class=\"text-gray-700 leading-loose\"> For personalized assistance and more information on obtaining your microcredit license, book a consultation with our experts by visiting <a href=\"https:\/\/legalseba.com\/book-now\" target=\"_blank\" class=\"text-orange-600 font-semibold hover:underline\">LegalSeba.com\/book-now<\/a> or contact us at: <\/pee> <\/p>\n<div class=\"mt-6 space-y-2\"> <pee class=\"text-gray-800\"><strong class=\"font-semibold\">Phone\/WhatsApp:<\/strong> +8801753718223<\/pee> <pee class=\"text-gray-800\"><strong class=\"font-semibold\">Email:<\/strong> support@legalseba.com<\/pee> <\/div>\n<p> <pee class=\"mt-8 text-gray-500\"> Microcredit financing Bangladesh. <\/pee> <\/div>\n<p> <\/section>\n<p> <\/main> <\/div>\n<p><script>document.addEventListener('DOMContentLoaded', function () { const navLinks = document.querySelectorAll('.nav-item'); const sections = document.querySelectorAll('main section'); const navbar = document.getElementById('navbar'); const navbarHeight = navbar.offsetHeight; \/\/ Smooth scrolling and active nav state navLinks.forEach(link => { link.addEventListener('click', function (e) { e.preventDefault(); const targetId = this.getAttribute('href').substring(1); const targetSection = document.getElementById(targetId);  const offsetTop = targetSection.offsetTop - 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LegalSeba - Articles<\/title>\n<meta name=\"description\" content=\"Step-by-step guide to getting a microcredit license in Bangladesh \u2014 requirements, process, and regulatory compliance.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/legalseba.com\/bd-articles\/guide-to-obtaining-a-microcredit-license-in-bangladesh\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Guide to Obtaining a Microcredit License in Bangladesh\" \/>\n<meta property=\"og:description\" content=\"Step-by-step guide to getting a microcredit license in Bangladesh \u2014 requirements, process, and regulatory compliance.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/legalseba.com\/bd-articles\/guide-to-obtaining-a-microcredit-license-in-bangladesh\/\" \/>\n<meta property=\"og:site_name\" content=\"LegalSeba - 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[et_pb_section fb_built=”1″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_row _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_code _builder_version=”4.27.4″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]– Report Info: Key legal framework (MRA Act 2006). Goal: Inform. Viz\/Presentation: Highlighted info cards. Interaction: Static, for quick reference. Justification: Establishes foundational context immediately. Library\/Method: HTML\/Tailwind.– Report Info: Eligibility criteria. Goal: Organize. Viz\/Presentation: Accordion-style list. Interaction: Click to expand\/collapse details. Justification: Prevents overwhelming users with a long list of legal requirements; allows focused reading. Library\/Method: HTML\/Tailwind\/JS.– Report Info: Multi-step application procedure. Goal: Show Process. Viz\/Presentation: Vertical timeline diagram. Interaction: Clicking a step reveals detailed information. Justification: Intuitively visualizes the sequence and duration of the process, making it easier to follow than plain text. Library\/Method: HTML\/Tailwind\/JS.– Report Info: Various application and license fees. Goal: Compare. Viz\/Presentation: Bar chart. Interaction: Tooltip on hover shows fee details. Justification: A bar chart offers a much faster and clearer comparison of relative costs than a table or list. Library\/Method: Chart.js\/Canvas.– Report Info: Post-licensing rules and penalties. Goal: Organize & Inform. Viz\/Presentation: Side-by-side cards with icons. Interaction: Static. Justification: Clearly separates responsibilities from consequences for easy scanning and understanding. Library\/Method: HTML\/Tailwind.–> Guide to Microcredit (MFI) License in Bangladesh | MRA Procedure<\/title> <meta name=\"description\" content=\"A complete, step-by-step legal guide on how to get a microcredit license in Bangladesh from the Microcredit Regulatory Authority (MRA). Learn about eligibility, the application process, required documents, fees, and compliance.\"> <meta name=\"keywords\" content=\"microcredit license Bangladesh, MRA license Bangladesh, how to start a microfinance institution in Bangladesh, MFI license procedure, Microcredit Regulatory Authority Act 2006, microcredit application form, MFI in Bangladesh\">  <script src=\"https:\/\/cdn.tailwindcss.com\"><\/script> <script src=\"https:\/\/cdn.jsdelivr.net\/npm\/chart.js\"><\/script> <link rel=\"preconnect\" href=\"https:\/\/fonts.googleapis.com\"> <link rel=\"preconnect\" href=\"https:\/\/fonts.gstatic.com\" crossorigin> <link href=\"https:\/\/fonts.googleapis.com\/css2?family=Inter:wght@400;500;600;700&display=swap\" rel=\"stylesheet\"> <\/p>\n<style> body { font-family: 'Inter', sans-serif; background-color: #FDFBF8; color: #403A3A; } .nav-active { color: #D35400; border-bottom-color: #D35400; } .nav-item { border-bottom: 2px solid transparent; transition: all 0.3s ease; } .timeline-item::before { content: ''; position: absolute; left: -1px; top: 20px; height: calc(100% - 20px); width: 2px; background-color: #E5E7EB; } .timeline-item:last-child::before { display: none; } .timeline-dot { position: absolute; left: -9px; top: 12px; height: 20px; width: 20px; border-radius: 50%; background-color: #FDFBF8; border: 4px solid #D35400; } .accordion-content { max-height: 0; overflow: hidden; transition: max-height 0.6s ease-in-out; } .accordion-content.open { max-height: 1000px; \/* Increased max-height for full visibility *\/ } .chart-container { position: relative; width: 100%; max-width: 700px; margin-left: auto; margin-right: auto; height: 400px; max-height: 50vh; } <\/style>\n<p><\/head><body class=\"antialiased\"> <\/p>\n<div class=\"max-w-7xl mx-auto p-6 md:p-12\">  <\/p>\n<header class=\"text-center mb-12\"> <\/p>\n<h1 class=\"text-4xl md:text-5xl font-bold text-[#2C3E50]\">Guide to Obtaining a Microcredit License in Bangladesh<\/h1>\n<p> <pee class=\"mt-4 text-lg text-gray-600 leading-relaxed\">Your comprehensive resource for navigating the Microcredit Regulatory Authority (MRA) licensing framework.<\/pee> <\/header>\n<p> <\/p>\n<nav id=\"navbar\" class=\"sticky top-0 z-10 bg-[#FDFBF8]\/80 backdrop-blur-md border-b border-gray-200 mb-16\"> <\/p>\n<div class=\"flex justify-center items-center flex-wrap space-x-1 md:space-x-4 overflow-x-auto whitespace-nowrap p-4\"> <a href=\"#overview\" class=\"nav-item nav-active text-sm font-medium pb-2 px-1\" data-section=\"overview\">Overview<\/a> <a href=\"#eligibility\" class=\"nav-item text-gray-500 hover:text-[#D35400] text-sm font-medium pb-2 px-1\" data-section=\"eligibility\">Eligibility<\/a> <a href=\"#application-rules\" class=\"nav-item text-gray-500 hover:text-[#D35400] text-sm font-medium pb-2 px-1\" data-section=\"application-rules\">Application Rules<\/a> <a href=\"#process\" class=\"nav-item text-gray-500 hover:text-[#D35400] text-sm font-medium pb-2 px-1\" data-section=\"process\">Process<\/a> <a href=\"#mra-responsibilities\" class=\"nav-item text-gray-500 hover:text-[#D35400] text-sm font-medium pb-2 px-1\" data-section=\"mra-responsibilities\">MRA Responsibilities<\/a> <a href=\"#regulations\" class=\"nav-item text-gray-500 hover:text-[#D35400] text-sm font-medium pb-2 px-1\" data-section=\"regulations\">Regulations<\/a> <a href=\"#achievements\" class=\"nav-item text-gray-500 hover:text-[#D35400] text-sm font-medium pb-2 px-1\" data-section=\"achievements\">MRA Achievements<\/a> <a href=\"#documents\" class=\"nav-item text-gray-500 hover:text-[#D35400] text-sm font-medium pb-2 px-1\" data-section=\"documents\">Docs & Fees<\/a> <a href=\"#assistance\" class=\"nav-item text-gray-500 hover:text-[#D35400] text-sm font-medium pb-2 px-1\" data-section=\"assistance\">Get Help<\/a> <a href=\"#contact\" class=\"nav-item text-gray-500 hover:text-[#D35400] text-sm font-medium pb-2 px-1\" data-section=\"contact\">Contact Us<\/a> <\/div>\n<p> <\/nav>\n<p> <main class=\"space-y-24\"> <\/p>\n<section id=\"overview\" class=\"space-y-10 p-6 rounded-lg bg-white shadow-sm\"> <\/p>\n<h2 class=\"text-3xl md:text-4xl font-semibold text-[#2C3E50] border-b pb-4\">Regulatory Overview<\/h2>\n<p> <pee class=\"text-gray-700 leading-loose text-lg\"> To ensure transparency and accountability in the operations of microcredit institutions in Bangladesh and to efficiently regulate microcredit activities, the government enacted the <strong class=\"font-semibold\">Microcredit Regulatory Authority Act, 2006<\/strong>, and established the <strong class=\"font-semibold\">Microcredit Regulatory Authority (MRA)<\/strong>. According to section 15(1) of this Act, it is illegal for any private institution to operate microcredit activities without the MRA\u2019s certification. Any ongoing illegal activities will disqualify an institution from applying for certification. <\/pee> <\/p>\n<div class=\"grid md:grid-cols-3 gap-8 pt-6\"> <\/p>\n<div class=\"bg-[#F9EBEA] p-8 rounded-lg\"> <\/p>\n<h3 class=\"font-bold text-xl text-[#C0392B] mb-3\">Governing Law<\/h3>\n<p> <pee class=\"text-gray-800 leading-relaxed\">The cornerstone of regulation is the <span class=\"font-semibold\">Microcredit Regulatory Authority Act, 2006<\/span>. This Act empowers the MRA, defines what constitutes a microcredit organization, and establishes the complete framework for licensing, supervision, and governance. All rules, circulars, and directives stem from this primary law.<\/pee> <\/div>\n<p> <\/p>\n<div class=\"bg-[#EBF5FB] p-8 rounded-lg\"> <\/p>\n<h3 class=\"font-bold text-xl text-[#2980B9] mb-3\">Regulatory Body<\/h3>\n<p> <pee class=\"text-gray-800 leading-relaxed\">The <span class=\"font-semibold\">Microcredit Regulatory Authority (MRA)<\/span> is the exclusive government agency authorized to issue licenses and oversee all MFI activities in Bangladesh. No organization can legally conduct microcredit operations without a certificate of license from the MRA.<\/pee> <\/div>\n<p> <\/p>\n<div class=\"bg-[#E9F7EF] p-8 rounded-lg\"> <\/p>\n<h3 class=\"font-bold text-xl text-[#27AE60] mb-3\">Core Objectives<\/h3>\n<p> <pee class=\"text-gray-800 leading-relaxed\">The MRA’s mandate is twofold: to protect the financial interests of low-income households by ensuring fair practices, and to promote the overall health and sustainable growth of the microfinance sector as a key tool for poverty alleviation and economic development.<\/pee> <\/div>\n<p> <\/div>\n<p> <\/section>\n<p> <\/p>\n<section id=\"eligibility\" class=\"space-y-10 p-6 rounded-lg bg-white shadow-sm\"> <\/p>\n<h2 class=\"text-3xl md:text-4xl font-semibold text-[#2C3E50] border-b pb-4\">Mandatory Legal Registration<\/h2>\n<p> <pee class=\"text-gray-700 leading-loose text-lg\"> Before applying for an MRA license, an institution must be legally registered and in good standing under one of the following laws of Bangladesh. The choice of registration depends on the organization’s structure and objectives. <\/pee> <\/p>\n<div class=\"grid md:grid-cols-2 gap-8 pt-6\"> <\/p>\n<div class=\"border-l-4 border-orange-500 p-6 bg-orange-50 rounded-r-lg\"> <\/p>\n<h3 class=\"font-bold text-xl text-gray-800 mb-2\">As a Society or Foundation<\/h3>\n<p> <pee class=\"text-gray-600 leading-relaxed\">Register under the <strong class=\"font-semibold\">Societies Registration Act, 1860<\/strong>. This is suitable for organizations focused on social, cultural, and educational activities.<\/pee> <a href=\"https:\/\/legalseba.com\/bd-services\/foundation-registration-process-in-bangladesh-with-rjsc\/\" target=\"_blank\" class=\"text-orange-600 font-medium mt-3 inline-block\">See detail guide →<\/a> <\/div>\n<p> <\/p>\n<div class=\"border-l-4 border-blue-500 p-6 bg-blue-50 rounded-r-lg\"> <\/p>\n<h3 class=\"font-bold text-xl text-gray-800 mb-2\">As a Charitable Trust<\/h3>\n<p> <pee class=\"text-gray-600 leading-relaxed\">Established under the <strong class=\"font-semibold\">Trust Act, 1882<\/strong>. This is appropriate for entities aiming to provide financial assistance, healthcare, and educational support.<\/pee> <a href=\"https:\/\/legalseba.com\/bd-services\/trust-registration-in-bangladesh-a-comprehensive-guideline\/\" target=\"_blank\" class=\"text-blue-600 font-medium mt-3 inline-block\">See detail guide →<\/a> <\/div>\n<p> <\/p>\n<div class=\"border-l-4 border-green-500 p-6 bg-green-50 rounded-r-lg\"> <\/p>\n<h3 class=\"font-bold text-xl text-gray-800 mb-2\">As a Social Welfare Organization<\/h3>\n<p> <pee class=\"text-gray-600 leading-relaxed\">Register under the <strong class=\"font-semibold\">Voluntary Social Welfare Agencies Ordinance, 1961<\/strong>. This is for organizations primarily focused on voluntary social work.<\/pee> <a href=\"https:\/\/legalseba.com\/bd-services\/registering-social-welfare-organization-in-bangladesh\/\" target=\"_blank\" class=\"text-green-600 font-medium mt-3 inline-block\">See detail guide →<\/a> <\/div>\n<p> <\/p>\n<div class=\"border-l-4 border-purple-500 p-6 bg-purple-50 rounded-r-lg\"> <\/p>\n<h3 class=\"font-bold text-xl text-gray-800 mb-2\">As a Non-profit Company<\/h3>\n<p> <pee class=\"text-gray-600 leading-relaxed\">Incorporated under the <strong class=\"font-semibold\">Companies Act, 1994<\/strong> (usually Sec 28). Suitable for non-profits intending to operate on a larger scale without issuing shares.<\/pee> <a href=\"https:\/\/legalseba.com\/bd-services\/how-to-establish-a-trade-association-in-bangladesh\/\" target=\"_blank\" class=\"text-purple-600 font-medium mt-3 inline-block\">See detail guide →<\/a> <\/div>\n<p> <\/div>\n<p> <\/section>\n<p> <\/p>\n<section id=\"application-rules\" class=\"p-6 rounded-lg bg-white shadow-sm\"> <\/p>\n<h2 class=\"text-3xl md:text-4xl font-semibold text-[#2C3E50] border-b pb-4\">Application Rules & Provisional Targets<\/h2>\n<p> <pee class=\"text-gray-700 leading-loose mt-6 text-lg\"> The MRA follows a structured evaluation process. Applications are scored, and successful candidates are granted provisional approval with specific performance targets that must be met to secure a full license. <\/pee> <\/p>\n<div class=\"grid md:grid-cols-2 gap-12 mt-12\"> <\/p>\n<div> <\/p>\n<h3 class=\"text-2xl font-semibold text-gray-800 mb-6\">Evaluation & Capital Requirements<\/h3>\n<p> <\/p>\n<ul class=\"space-y-6 text-gray-700 leading-relaxed\"> <\/p>\n<li class=\"flex items-start\"><span class=\"text-blue-500 mr-4 mt-1 text-2xl\">①<\/span>\n<div><strong>100-Point Evaluation:<\/strong> Applications are evaluated on a scale of 100 points. A score below 49 leads to rejection. Institutions scoring 49 or above get 3 months to correct any issues.<\/div>\n<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-blue-500 mr-4 mt-1 text-2xl\">②<\/span>\n<div><strong>Initial Capital Deposit:<\/strong> Satisfactory applicants must deposit a minimum of <strong class=\"font-semibold text-gray-900\">1 crore taka<\/strong> as initial loanable funds in a bank account.<\/div>\n<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-red-500 mr-4 mt-1 text-2xl\">⚠<\/span>\n<div><strong>Fund Usage Restriction:<\/strong> This deposited capital can <strong class=\"font-semibold text-red-700\">only<\/strong> be used for microcredit activities. Withdrawing funds without prior MRA approval before receiving provisional approval will lead to application rejection.<\/div>\n<\/li>\n<p> <\/ul>\n<p> <\/div>\n<p> <\/p>\n<div> <\/p>\n<h3 class=\"text-2xl font-semibold text-gray-800 mb-6\">3-Year Provisional Approval Targets<\/h3>\n<p> <pee class=\"text-gray-700 mb-4\">Once provisional approval is granted, the MFI must achieve the following targets:<\/pee> <\/p>\n<div class=\"overflow-x-auto\"> <\/p>\n<table class=\"w-full text-left border-collapse\"> <\/p>\n<thead> <\/p>\n<tr class=\"bg-gray-100\"> <\/p>\n<th class=\"p-4 font-semibold border-b\">Time Frame<\/th>\n<p> <\/p>\n<th class=\"p-4 font-semibold border-b\">Minimum Borrowers<\/th>\n<p> <\/p>\n<th class=\"p-4 font-semibold border-b\">Loan Balance (Taka)<\/th>\n<p> <\/tr>\n<p> <\/thead>\n<p> <\/p>\n<tbody> <\/p>\n<tr> <\/p>\n<td class=\"p-4 border-b\">End of 1st Year<\/td>\n<p> <\/p>\n<td class=\"p-4 border-b\">600<\/td>\n<p> <\/p>\n<td class=\"p-4 border-b\">1.5 crore<\/td>\n<p> <\/tr>\n<p> <\/p>\n<tr> <\/p>\n<td class=\"p-4 border-b\">End of 2nd Year<\/td>\n<p> <\/p>\n<td class=\"p-4 border-b\">1,000<\/td>\n<p> <\/p>\n<td class=\"p-4 border-b\">2.5 crore<\/td>\n<p> <\/tr>\n<p> <\/p>\n<tr> <\/p>\n<td class=\"p-4 border-b\">End of 3rd Year<\/td>\n<p> <\/p>\n<td class=\"p-4 border-b\">1,200<\/td>\n<p> <\/p>\n<td class=\"p-4 border-b\">3 crore<\/td>\n<p> <\/tr>\n<p> <\/tbody>\n<p> <\/table>\n<p> <\/div>\n<p> <pee class=\"text-sm text-gray-600 mt-3 leading-relaxed\"><strong>Key Conditions:<\/strong> At least 70% of total customers must be borrowers, and the deposit balance must not exceed 30% of the loan balance. Failure to meet these targets can lead to cancellation of provisional approval.<\/pee> <\/div>\n<p> <\/div>\n<p> <\/section>\n<p> <\/p>\n<section id=\"process\" class=\"p-6 rounded-lg bg-white shadow-sm\"> <\/p>\n<h2 class=\"text-3xl md:text-4xl font-semibold text-[#2C3E50] border-b pb-4\">The Application Process: A Step-by-Step Timeline<\/h2>\n<p> <pee class=\"text-gray-700 leading-loose mt-6 text-lg\"> The MRA license application process is systematic, starting with an online submission and followed by several stages of verification and approval. Click on each step for more details. <\/pee> <\/p>\n<div class=\"relative mt-12 pl-8 space-y-16\"> <\/p>\n<div class=\"timeline-item\"> <\/p>\n<div class=\"timeline-dot\"><\/div>\n<p> <\/p>\n<div class=\"process-step cursor-pointer\" data-target=\"step1-details\"> <pee class=\"text-md text-[#D35400] font-medium\">Step 1: Online Application & Fee<\/pee> <\/p>\n<h3 class=\"text-xl font-semibold text-gray-800 mt-1\">Submit Prescribed Form Online<\/h3>\n<p> <\/p>\n<div id=\"step1-details\" class=\"accordion-content text-gray-600 mt-2 leading-relaxed\"> The journey begins by submitting the application online in the MRA’s prescribed form. A non-refundable application fee of 1,000 Taka must be deposited via bank transfer, and the proof of payment must be attached as a PDF. <\/div>\n<p> <\/div>\n<p> <\/div>\n<p> <\/p>\n<div class=\"timeline-item\"> <\/p>\n<div class=\"timeline-dot\"><\/div>\n<p> <\/p>\n<div class=\"process-step cursor-pointer\" data-target=\"step2-details\"> <pee class=\"text-md text-[#D35400] font-medium\">Step 2: MRA Evaluation<\/pee> <\/p>\n<h3 class=\"text-xl font-semibold text-gray-800 mt-1\">Scoring and Document Verification<\/h3>\n<p> <\/p>\n<div id=\"step2-details\" class=\"accordion-content text-gray-600 mt-2 leading-relaxed\"> The MRA evaluates the application based on its 100-point scoring system. If the score is 49 or above, the institution is given time to rectify any issues. The authority also conducts field-level verification to validate the application’s claims. <\/div>\n<p> <\/div>\n<p> <\/div>\n<p> <\/p>\n<div class=\"timeline-item\"> <\/p>\n<div class=\"timeline-dot\"><\/div>\n<p> <\/p>\n<div class=\"process-step cursor-pointer\" data-target=\"step3-details\"> <pee class=\"text-md text-[#D35400] font-medium\">Step 3: Capital Deposit Instruction<\/pee> <\/p>\n<h3 class=\"text-xl font-semibold text-gray-800 mt-1\">Instruction to Deposit Funds<\/h3>\n<p> <\/p>\n<div id=\"step3-details\" class=\"accordion-content text-gray-600 mt-2 leading-relaxed\"> If the evaluation and verification are satisfactory, the MRA instructs the applicant to deposit the required initial capital of at least 1 crore Taka into a designated bank account. <\/div>\n<p> <\/div>\n<p> <\/div>\n<p> <\/p>\n<div class=\"timeline-item\"> <\/p>\n<div class=\"timeline-dot\"><\/div>\n<p> <\/p>\n<div class=\"process-step cursor-pointer\" data-target=\"step4-details\"> <pee class=\"text-md text-[#D35400] font-medium\">Step 4: Provisional Approval<\/pee> <\/p>\n<h3 class=\"text-xl font-semibold text-gray-800 mt-1\">3-Year Provisional License<\/h3>\n<p> <\/p>\n<div id=\"step4-details\" class=\"accordion-content text-gray-600 mt-2 leading-relaxed\"> After confirming the capital deposit, the MRA grants a provisional approval for 3 years. During this period, the institution must operate microcredit activities and meet the specific growth targets set by the authority. <\/div>\n<p> <\/div>\n<p> <\/div>\n<p> <\/p>\n<div class=\"timeline-item\"> <\/p>\n<div class=\"timeline-dot\"><\/div>\n<p> <\/p>\n<div class=\"process-step cursor-pointer\" data-target=\"step5-details\"> <pee class=\"text-md text-[#D35400] font-medium\">Step 5: Full Certification<\/pee> <\/p>\n<h3 class=\"text-xl font-semibold text-gray-800 mt-1\">Issuance of Final License<\/h3>\n<p> <\/p>\n<div id=\"step5-details\" class=\"accordion-content text-gray-600 mt-2 leading-relaxed\"> If the MFI successfully achieves its targets within the 3-year provisional period and complies with all MRA rules, the Authority issues the final, permanent Certificate of License. <\/div>\n<p> <\/div>\n<p> <\/div>\n<p> <\/div>\n<p> <\/section>\n<p> <\/p>\n<section id=\"mra-responsibilities\" class=\"p-6 rounded-lg bg-white shadow-sm\"> <\/p>\n<h2 class=\"text-3xl md:text-4xl font-semibold text-[#2C3E50] border-b pb-4\">Core Responsibilities of the MRA<\/h2>\n<p> <pee class=\"text-gray-700 leading-loose mt-6 text-lg\"> The MRA is tasked with a wide range of responsibilities to ensure the stability, growth, and integrity of the entire microfinance sector in Bangladesh. <\/pee> <\/p>\n<div class=\"mt-12\"> <\/p>\n<ul class=\"space-y-4 text-gray-700 grid md:grid-cols-2 lg:grid-cols-3 gap-x-8 gap-y-6\"> <\/p>\n<li class=\"flex items-start\"><span class=\"text-green-500 font-bold mr-3 mt-1\">✓<\/span> Issuing licenses for microfinance operations.<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-green-500 font-bold mr-3 mt-1\">✓<\/span> Formulating policies for the microfinance sector.<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-green-500 font-bold mr-3 mt-1\">✓<\/span> Inspecting microfinance institutions.<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-green-500 font-bold mr-3 mt-1\">✓<\/span> Addressing irregularities found during inspections.<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-green-500 font-bold mr-3 mt-1\">✓<\/span> Protecting clients\u2019 interests.<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-green-500 font-bold mr-3 mt-1\">✓<\/span> Analyzing financial and management reports from MFIs.<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-green-500 font-bold mr-3 mt-1\">✓<\/span> Approving MFI policy changes (e.g., name, address).<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-green-500 font-bold mr-3 mt-1\">✓<\/span> Certifying eligibility for foreign\/domestic loans.<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-green-500 font-bold mr-3 mt-1\">✓<\/span> Providing NOCs for capital market fundraising.<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-green-500 font-bold mr-3 mt-1\">✓<\/span> Providing training for MFI human resources.<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-green-500 font-bold mr-3 mt-1\">✓<\/span> Publishing research related to the sector.<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-green-500 font-bold mr-3 mt-1\">✓<\/span> Implementing ease of doing business and online services.<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-green-500 font-bold mr-3 mt-1\">✓<\/span> Implementing national goals like SDGs and APA.<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-green-500 font-bold mr-3 mt-1\">✓<\/span> Providing NOCs for agent banking, mobile financial services etc.<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-green-500 font-bold mr-3 mt-1\">✓<\/span> Coordinating among MFIs, Banks, and other stakeholders.<\/li>\n<p> <\/ul>\n<p> <\/div>\n<p> <\/section>\n<p>  <\/p>\n<section id=\"regulations\" class=\"p-6 rounded-lg bg-white shadow-sm\"> <\/p>\n<h2 class=\"text-3xl md:text-4xl font-semibold text-[#2C3E50] border-b pb-4\">Recent Regulatory Developments & Key Circulars<\/h2>\n<p> <pee class=\"text-gray-700 leading-loose mt-6 text-lg\"> The MRA continuously updates its regulations through circulars to adapt to the evolving microfinance landscape. Staying compliant with these directives is mandatory for all licensed institutions. Here are some of the most critical recent provisions. <\/pee> <\/p>\n<div class=\"grid md:grid-cols-2 lg:grid-cols-3 gap-8 mt-12\"> <\/p>\n<div class=\"border p-6 rounded-lg bg-gray-50\"> <\/p>\n<h3 class=\"font-semibold text-lg text-gray-800 mb-2\">Maximum Service Charge<\/h3>\n<p> <pee class=\"text-gray-600 leading-relaxed\">The service charge (interest) on loans cannot exceed <strong class=\"text-gray-900\">24% per annum<\/strong>. <span class=\"block mt-2 text-sm text-[#D35400]\">(Circular 50)<\/span><\/pee> <\/div>\n<p> <\/p>\n<div class=\"border p-6 rounded-lg bg-gray-50\"> <\/p>\n<h3 class=\"font-semibold text-lg text-gray-800 mb-2\">Minimum Deposit Interest<\/h3>\n<p> <pee class=\"text-gray-600 leading-relaxed\">A minimum interest rate of <strong class=\"text-gray-900\">6% per annum<\/strong> must be paid on member deposits. <span class=\"block mt-2 text-sm text-[#D35400]\">(Circular 5)<\/span><\/pee> <\/div>\n<p> <\/p>\n<div class=\"border p-6 rounded-lg bg-gray-50\"> <\/p>\n<h3 class=\"font-semibold text-lg text-gray-800 mb-2\">Loan Repayment Terms<\/h3>\n<p> <pee class=\"text-gray-600 leading-relaxed\">Weekly loans must have a <strong class=\"text-gray-900\">15-day grace period<\/strong> and be repaid in at least <strong class=\"text-gray-900\">46 installments<\/strong>. <span class=\"block mt-2 text-sm text-[#D35400]\">(Circulars 5 & 8)<\/span><\/pee> <\/div>\n<p> <\/p>\n<div class=\"border p-6 rounded-lg bg-gray-50\"> <\/p>\n<h3 class=\"font-semibold text-lg text-gray-800 mb-2\">Miscellaneous Costs<\/h3>\n<p> <pee class=\"text-gray-600 leading-relaxed\">Total fees for forms, passbooks, etc., shall not exceed <strong class=\"text-gray-900\">BDT 25<\/strong>. <span class=\"block mt-2 text-sm text-[#D35400]\">(Circular 23)<\/span><\/pee> <\/div>\n<p> <\/p>\n<div class=\"border p-6 rounded-lg bg-gray-50\"> <\/p>\n<h3 class=\"font-semibold text-lg text-gray-800 mb-2\">Bad Debt Write-Off<\/h3>\n<p> <pee class=\"text-gray-600 leading-relaxed\">Bad debts can be written off after <strong class=\"text-gray-900\">two years<\/strong>, provided 100% Loan Loss Provisioning is made. <span class=\"block mt-2 text-sm text-[#D35400]\">(Circular 21)<\/span><\/pee> <\/div>\n<p> <\/p>\n<div class=\"border p-6 rounded-lg bg-gray-50\"> <\/p>\n<h3 class=\"font-semibold text-lg text-gray-800 mb-2\">Use of Surplus Funds<\/h3>\n<p> <pee class=\"text-gray-600 leading-relaxed\">A maximum of <strong class=\"text-gray-900\">35% of cumulative surplus<\/strong> can be used for purchasing immovable property, with prior MRA approval. <span class=\"block mt-2 text-sm text-[#D35400]\">(Circulars 33, 47, 48)<\/span><\/pee> <\/div>\n<p> <\/p>\n<div class=\"border p-6 rounded-lg bg-gray-50\"> <\/p>\n<h3 class=\"font-semibold text-lg text-gray-800 mb-2\">CEO & Office Rules<\/h3>\n<p> <pee class=\"text-gray-600 leading-relaxed\">The CEO must work from the Head Office. Liaison offices cannot be funded by microfinance surplus. <span class=\"block mt-2 text-sm text-[#D35400]\">(Circular 35)<\/span><\/pee> <\/div>\n<p> <\/p>\n<div class=\"border p-6 rounded-lg bg-gray-50\"> <\/p>\n<h3 class=\"font-semibold text-lg text-gray-800 mb-2\">Financial Records<\/h3>\n<p> <pee class=\"text-gray-600 leading-relaxed\">Printed hard copies of the General Ledger and Cash Book must be maintained annually. <span class=\"block mt-2 text-sm text-[#D35400]\">(Circular 52)<\/span><\/pee> <\/div>\n<p> <\/p>\n<div class=\"border p-6 rounded-lg bg-gray-50\"> <\/p>\n<h3 class=\"font-semibold text-lg text-gray-800 mb-2\">AML\/CFT Compliance<\/h3>\n<p> <pee class=\"text-gray-600 leading-relaxed\">All MFIs must strictly implement the <strong class=\"text-gray-900\">Money Laundering Prevention Act, 2012<\/strong> and associated rules. <\/pee> <\/div>\n<p> <\/p>\n<div class=\"border p-6 rounded-lg bg-gray-50\"> <\/p>\n<h3 class=\"font-semibold text-lg text-gray-800 mb-2\">Capital Market Fundraising<\/h3>\n<p> <pee class=\"text-gray-600 leading-relaxed\">MRA-licensed MFIs are permitted to raise funds from capital markets. <span class=\"block mt-2 text-sm text-[#D35400]\">(Circular 61)<\/span><\/pee> <\/div>\n<p> <\/p>\n<div class=\"border p-6 rounded-lg bg-gray-50\"> <\/p>\n<h3 class=\"font-semibold text-lg text-gray-800 mb-2\">Inter-MFI Financing<\/h3>\n<p> <pee class=\"text-gray-600 leading-relaxed\">MFIs are authorized to receive financing from other MFIs. <span class=\"block mt-2 text-sm text-[#D35400]\">(Circular 73)<\/span><\/pee> <\/div>\n<p> <\/div>\n<p> <\/section>\n<p>  <\/p>\n<section id=\"achievements\" class=\"p-6 rounded-lg bg-white shadow-sm\"> <\/p>\n<h2 class=\"text-3xl md:text-4xl font-semibold text-[#2C3E50] border-b pb-4\">MRA’s Key Initiatives & Achievements<\/h2>\n<p> <pee class=\"text-gray-700 leading-loose mt-6 text-lg\"> The MRA has some significant achievements that have paved the way for forging robust accountability in Bangladesh\u2019s microfinance ecosystem. <\/pee> <\/p>\n<div class=\"mt-12\"> <\/p>\n<ul class=\"space-y-4 text-lg text-gray-800 grid md:grid-cols-2 gap-x-12 gap-y-4\"> <\/p>\n<li class=\"flex items-start\"><span class=\"text-blue-500 font-bold mr-3 mt-1\">➤<\/span> Microcredit Regulatory Authority Rules, 2010<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-blue-500 font-bold mr-3 mt-1\">➤<\/span> Microcredit Regulatory Authority Staff Regulations, 2009<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-blue-500 font-bold mr-3 mt-1\">➤<\/span> Depositors\u2019 Safety Fund Rules, 2014<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-blue-500 font-bold mr-3 mt-1\">➤<\/span> Microfinance Information Rules, 2020<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-blue-500 font-bold mr-3 mt-1\">➤<\/span> Rationalized Service Charge & Savings Rates<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-blue-500 font-bold mr-3 mt-1\">➤<\/span> Capital Raising via Bonds<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-blue-500 font-bold mr-3 mt-1\">➤<\/span> Introduction of KYC & Inspection Manuals<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-blue-500 font-bold mr-3 mt-1\">➤<\/span> Ensured Loan Grace Periods & Reduced Costs<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-blue-500 font-bold mr-3 mt-1\">➤<\/span> Human Resources Development & Training<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-blue-500 font-bold mr-3 mt-1\">➤<\/span> Membership of AFI & APRACA<\/li>\n<p> <\/ul>\n<p> <\/div>\n<p> <\/section>\n<p> <\/p>\n<section id=\"documents\" class=\"p-6 rounded-lg bg-white shadow-sm\"> <\/p>\n<h2 class=\"text-3xl md:text-4xl font-semibold text-[#2C3E50] border-b pb-4\">Documents & Fee Structure<\/h2>\n<p> <pee class=\"text-gray-700 leading-loose mt-6 text-lg\"> Assembling a complete and accurate set of documents for the online application is critical. The fee structure is determined by the MRA and is non-negotiable. <\/pee> <\/p>\n<div class=\"grid md:grid-cols-2 gap-12 mt-12\"> <\/p>\n<div> <\/p>\n<h3 class=\"text-2xl font-semibold text-gray-800 mb-6\">Application Fee Payment Details<\/h3>\n<p> <\/p>\n<div class=\"bg-gray-100 p-6 rounded-lg border\"> <pee class=\"text-lg text-gray-800\">A fee of <strong class=\"font-bold text-2xl\">1,000\/- Taka<\/strong> must be deposited into the MRA’s bank account. The deposit slip must be attached to the online application.<\/pee> <\/p>\n<ul class=\"mt-4 space-y-2 text-gray-700\"> <\/p>\n<li><strong>Bank:<\/strong> Sonali Bank Limited<\/li>\n<p> <\/p>\n<li><strong>Branch:<\/strong> Moghbazar Branch<\/li>\n<p> <\/p>\n<li><strong>Account No:<\/strong> 0119803000029<\/li>\n<p> <\/p>\n<li><strong>Routing No:<\/strong> 200274186<\/li>\n<p> <\/ul>\n<p> <\/div>\n<p> <\/p>\n<h3 class=\"text-2xl font-semibold text-gray-800 mb-6 mt-10\">Essential Document Checklist<\/h3>\n<p> <\/p>\n<ul class=\"space-y-4 text-gray-700 leading-relaxed\"> <\/p>\n<li class=\"flex items-start\"><span class=\"text-green-500 mr-3 mt-1\">✓<\/span> Attested copy of the society\/trust\/company registration certificate.<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-green-500 mr-3 mt-1\">✓<\/span> Attested copy of the certified Constitution\/Bylaws\/Memorandum.<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-green-500 mr-3 mt-1\">✓<\/span> Audited financial statements.<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-green-500 mr-3 mt-1\">✓<\/span> Profiles of all Executive\/Governing Board members (NID, Photo, TIN).<\/li>\n<p> <\/p>\n<li class=\"flex items-start\"><span class=\"text-green-500 mr-3 mt-1\">✓<\/span> Board Resolution authorizing the MRA license application.<\/li>\n<p> <\/ul>\n<p> <\/div>\n<p> <\/p>\n<div> <\/p>\n<h3 class=\"text-2xl font-semibold text-gray-800 mb-6 text-center\">Standard Certification Fees (BDT)<\/h3>\n<p> <\/p>\n<div class=\"chart-container\"> <canvas id=\"feesChart\"><\/canvas> <\/div>\n<p> <pee class=\"text-center text-sm text-gray-600 mt-4\">These are indicative fees for full certification and renewal, separate from the initial 1,000 Taka application fee.<\/pee> <\/div>\n<p> <\/div>\n<p> <\/section>\n<p>  <\/p>\n<section id=\"assistance\" class=\"p-6 rounded-lg bg-white shadow-sm\"> <\/p>\n<h2 class=\"text-3xl md:text-4xl font-semibold text-[#2C3E50] border-b pb-4\">How LegalSeba Can Help with Microcredit Licensing<\/h2>\n<p> <pee class=\"text-gray-700 leading-loose mt-6 text-lg\"> At LegalSeba, we provide a robust suite of services to facilitate your microcredit licensing process in Bangladesh. Our offerings include: <\/pee> <\/p>\n<div class=\"grid md:grid-cols-2 lg:grid-cols-3 gap-8 mt-12\"> <\/p>\n<div class=\"bg-teal-50 border border-teal-200 p-6 rounded-lg\"> <\/p>\n<h3 class=\"font-semibold text-xl text-teal-800 mb-3\">Expert Consultation<\/h3>\n<p> <pee class=\"text-gray-600 leading-relaxed\">We assess your business requirements and guide you through the eligibility criteria set by the Microcredit Regulatory Authority (MRA).<\/pee> <\/div>\n<p> <\/p>\n<div class=\"bg-teal-50 border border-teal-200 p-6 rounded-lg\"> <\/p>\n<h3 class=\"font-semibold text-xl text-teal-800 mb-3\">Document Preparation<\/h3>\n<p> <pee class=\"text-gray-600 leading-relaxed\">Our team assists in collecting and preparing all necessary documentation to ensure compliance with MRA regulations.<\/pee> <\/div>\n<p> <\/p>\n<div class=\"bg-teal-50 border border-teal-200 p-6 rounded-lg\"> <\/p>\n<h3 class=\"font-semibold text-xl text-teal-800 mb-3\">Application Management<\/h3>\n<p> <pee class=\"text-gray-600 leading-relaxed\">We handle the entire application process, from submission to approval, ensuring all steps are meticulously followed.<\/pee> <\/div>\n<p> <\/p>\n<div class=\"bg-teal-50 border border-teal-200 p-6 rounded-lg\"> <\/p>\n<h3 class=\"font-semibold text-xl text-teal-800 mb-3\">Continuous Follow-up<\/h3>\n<p> <pee class=\"text-gray-600 leading-relaxed\">We maintain regular communication with the MRA to track your application status and address any queries or additional requirements promptly.<\/pee> <\/div>\n<p> <\/p>\n<div class=\"bg-teal-50 border border-teal-200 p-6 rounded-lg\"> <\/p>\n<h3 class=\"font-semibold text-xl text-teal-800 mb-3\">Inspection Preparation<\/h3>\n<p> <pee class=\"text-gray-600 leading-relaxed\">We help you prepare for MRA inspections to ensure your infrastructure and operations meet all regulatory standards.<\/pee> <\/div>\n<p> <\/p>\n<div class=\"bg-teal-50 border border-teal-200 p-6 rounded-lg\"> <\/p>\n<h3 class=\"font-semibold text-xl text-teal-800 mb-3\">Lobbying with Authorities<\/h3>\n<p> <pee class=\"text-gray-600 leading-relaxed\">We facilitate effective communication with government authorities to smoothen the licensing process.<\/pee> <\/div>\n<p> <\/div>\n<p> <pee class=\"text-gray-700 leading-loose mt-8 text-lg\"> By choosing LegalSeba, you can navigate the complex regulatory environment with confidence, allowing you to focus on expanding your microcredit operations. <\/pee> <\/section>\n<p>  <\/p>\n<section id=\"contact\" class=\"p-6 rounded-lg bg-white shadow-sm\"> <\/p>\n<h2 class=\"text-3xl md:text-4xl font-semibold text-[#2C3E50] border-b pb-4\">Contact Us<\/h2>\n<p> <\/p>\n<div class=\"mt-6 text-lg text-center\"> <pee class=\"text-gray-700 leading-loose\"> For personalized assistance and more information on obtaining your microcredit license, book a consultation with our experts by visiting <a href=\"https:\/\/legalseba.com\/book-now\" target=\"_blank\" class=\"text-orange-600 font-semibold hover:underline\">LegalSeba.com\/book-now<\/a> or contact us at: <\/pee> <\/p>\n<div class=\"mt-6 space-y-2\"> <pee class=\"text-gray-800\"><strong class=\"font-semibold\">Phone\/WhatsApp:<\/strong> +8801753718223<\/pee> <pee class=\"text-gray-800\"><strong class=\"font-semibold\">Email:<\/strong> support@legalseba.com<\/pee> <\/div>\n<p> <pee class=\"mt-8 text-gray-500\"> Microcredit financing Bangladesh. <\/pee> <\/div>\n<p> <\/section>\n<p> <\/main> <\/div>\n<p><script>document.addEventListener('DOMContentLoaded', function () { const navLinks = document.querySelectorAll('.nav-item'); const sections = document.querySelectorAll('main section'); const navbar = document.getElementById('navbar'); const navbarHeight = navbar.offsetHeight; \/\/ Smooth scrolling and active nav state navLinks.forEach(link => { link.addEventListener('click', function (e) { e.preventDefault(); const targetId = this.getAttribute('href').substring(1); const targetSection = document.getElementById(targetId);  const offsetTop = targetSection.offsetTop - 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