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Bangladesh Development Initiative
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Innovator's Award
Bangladesh Development Initiative-National Innovator's Award (BDI-NIA)
Fund was established in 1993 with the money, of the total amount (tk
3,55,000 + tk 1,92,760 =) tk 5,47,760, provided by BDI. The money of
BDI-NIA Fund was invested in 1993 in Five Years Bangladesh Sanchay Patra
at Jatio Sanchay Bureau, Elephant Road, Dhaka, Bangladesh. A meeting was
held on September 19, 1994 in the office of the Vice Chancellor of BUET,
Dhaka, Bangladesh. The BDI-NIA Trust, with the Vice Chancellor of BUET
as the Chairman of the Trust and Director of IAT, BUET as the Chief
Executive and Member-Secretary of the Trust, was formed to manage
BDI-NIA Trust. It was decided in the meeting that BDI-NIA would be given
starting from the year 1994.
The Bangladesh Sanchay Patra investment matured
towards the end of year 1999. The Sanchay Patras were cashed and were later
deposited into the BUET branch of Sonali Bank as follows:
| No. |
Deposit Date |
Due Date |
Amount (taka) |
| 1. |
June 3, 1998 |
June 3, 2001 |
1,92,760 |
| 2. |
August 20, 1998 |
August 20, 2001 |
1,50,000 |
| 3. |
March 11, 1999 |
March 11, 2002 |
6,00,000 |
Another smaller sum of money was deposited into a
non-fixed deposit account of the same bank. The balance in this account was
taka 54,919.70 as of November 1999.
Professor Nurul Islam, Department of Chemical
Engineering and former Director of Institute of Appropriate Technology (IAT)
provided the above information to BDI's Ashraf Ali on December 30, 1999
during Ashraf Ali's visit to Bangladesh. Professor Nurul Islam handed a copy
of the deposit receipts of the F.D. accounts over to Ashraf Ali.
For more information on BDI-NIA, see here:
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