Shurakhha (Security Fund Activities)

Surakhha Fund Program of SSS, a mutual contributory fund of the group-members, has designed to meet the credit risk incurred from the death of the borrowers and extend financial assistance to them in various welfare activities, imposing payment one percent on per thousand credit disbursement to the borrowers of Jagoron, Agrasor, Sufolon and other products and half (05) percent of Buniad. Every member under the credit program of the organization deserves the facilities of this activity, which are mentioned below:

  • Exemption of repayable credit on the death of a member or his or her nominee (Chief Guardian).
  • Payment of Tk. 5,000 for funeral rites of any group-member.
  • Providing a grant of Tk. 5,000 for four types of operations: caesarean delivery, gallbladder stone, hysterectomy and appendicitis of the group-members.
  • Providing financial support for the expensive treatment, education of children, wedding, residence improvement, sudden death of family member etcetera of the target people.

In 2020-21, Tk. 30.53 crore was paid off to the target people from the program and the outstanding of the fund stood at Tk. 116.25 crore.

 

Figure: Component-wise expenses of SSS under Surakhha Fund Program in 2020-21

 

SI Components Expenses (Taka)
1 Funeral Rites 55,90,000
2 Credit Adjustment 25,04,62,865
3 Treatment 4,92,12,325