Dhaka, May 18 -- Chief Adviser Professor Dr Muhammad Yunus has called for the establishment of a dedicated 'Microcredit Bank' to promote youth entrepreneurship by offering collateral-free small loans.

Describing microcredit as the "real form of banking", he urged policymakers to adopt a fresh approach that allows the sector to evolve beyond its current non-governmental framework.

"Microcredit has grown significantly over the years. It is time to think differently and create a Microcredit Bank. It has outgrown its form as an NGO and now needs to take the next step," said Dr Yunus.

He made the remarks while inaugurating the new headquarters of the Microcredit Regulatory Authority (MRA) in Agargaon, Dhaka, on Saturday.

Finance Adviser Dr...