Bangladesh Bank (BB) Governor Md. Mostaqur Rahman has said that the private sector is playing a very important role in accelerating the country's economic development and creating employment.

He said, "Banks, entrepreneurs, various institutions and all stakeholders must work together to implement the 'One Village, One Product' concept to strengthen the rural economy by utilizing potential local entrepreneurs and products."

He said this while speaking as the chief guest at a view-sharing meeting organized at the Bangladesh Bank office in Rangpur on Saturday on the effective implementation of the incentive package announced by Bangladesh Bank for the development of the private sector.

Bangladesh Bank's Rangpur office organized this event for stakeholders in the Rangpur region with the aim of accelerating private sector development, creating entrepreneurship, increasing employment, and revitalizing the local economy.

The meeting was presided over by Md. Salah Uddin, Executive Director of Bangladesh Bank's Rangpur office.

Bankers, civil society representatives, entrepreneurs, businessmen, farmer representatives, heads of various government institutions, other stakeholders, and journalists from different parts of Rangpur division participated in the event.

Participants shared their views and experiences and provided various suggestions on private sector development, financing for entrepreneurs, expanding local production and trade, and the effective implementation of the stimulus package announced by Bangladesh Bank.

The meeting laid special emphasis on the concept of 'One Village, One Product'. It highlighted the issues of identifying potential local products and entrepreneurs, increasing production, expanding markets, and ensuring necessary financing.

In addition, the branding and marketing of local products with high potential to reach a wide domestic and international market, and the bringing of related entrepreneurs under the umbrella of banking services were also discussed.

The Governor called on all stakeholders to work together to implement the concept of 'One Village, One Product', in addition to the effective implementation of the incentive package announced for the development of the private sector.

He also suggested using the hotline number 16236 for direct communication between customers and Bangladesh Bank.

He urged the concerned banks to take effective steps to ensure that the benefits of the incentive package announced by Bangladesh Bank reach genuine and eligible entrepreneurs.

At the same time, he placed special emphasis on expanding the market for entrepreneurs' products, facilitating financing opportunities, and further dynamizing local economic activities.

The exchange of views emphasized the need for coordinated efforts by all parties concerned to advance initiatives such as establishing cold storage facilities in the Rangpur region, developing renewable energy, expanding export-oriented agricultural and industrial products, and developing human resources.