Bangladesh Institute of Capital Market (BICM) halved the fee of its 'master of applied finance and capital market' course in a bid to attract more people to gain financial literacy.

The BICM announced the fee cut in a press briefing at its office in the capital today.

The national institute run by Bangladesh Securities and Exchange Commission train and educate people on stock market.

The master of applied finance and capital market course includes 52 credit and fee of each credit was Tk 4,000, which will be Tk 2,000 after the cut.

The total course fee, including other related cost, will be now Tk 140,000, down from earlier Tk 250,000.

The duration of the programme is two years where there will be four semesters, each of six months.

The course will help in creating efficient manpower for the stock market, which will be a big source of financing in the days to come, said BICM Executive President Prof Mahmuda Akter.

The global economy, including Bangladesh, is going through a bad time because of the Covid-19 pandemic and the Ukraine war, so the government wants to reduce the costs for financial literacy and training, she said.

The BICM will allot funds for research on the capital market, Akter said.