IPDC Finance PLC has unveiled a new loan product named ‘Progga’, a dedicated financial solution designed exclusively for the teachers of Bangladesh. The initiative was launched in alignment with the fifth edition of Priyo Shikkhok Shommanona 2025, a collaborative program that honors the invaluable role of educators in national development.
The name Progga, meaning wisdom, symbolizes the scheme’s core objective: to recognize and support the educators shaping an enlightened and progressive society. This specialized loan product offers flexible and inclusive features, aimed at enhancing teachers’ access to financial services.
Who Can Apply:
Eligible applicants include full-time teachers from government, non-government, and MPO-listed institutions, as well as educators from public and private universities. Retired teachers with an active income source are also eligible. Applicants must be between 22 and 65 years of age (or until retirement), with a minimum monthly income of BDT 20,000.
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Key Benefits of ‘Progga’:
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Competitive interest rates
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50% waiver on processing fees
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Loan amounts up to BDT 25 lakh without collateral
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Acceptance of supplementary income (tuition, coaching, etc.)
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Flexible repayment period: 6 months to 5 years
At the official launch, Rizwan Dawood Shams, Managing Director of IPDC Finance PLC, stated,
“At IPDC, we consider teachers the architects of a progressive nation. ‘Progga’ is our heartfelt tribute to their dedication, offering financial support tailored to their real-life needs.”
The loan can be used for a variety of purposes, including medical emergencies, educational costs, family support, or lifestyle upgrades. With Progga, IPDC continues its mission of driving inclusive finance and creating meaningful social impact, especially by reinforcing the financial security of those who nurture the next generation.
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