ঢাকা, মঙ্গলবার, ২১ নভেম্বর ২০১৭, ৭ অগ্রহায়ণ ১৪২৪

Farmers will receive Tk 20,400 crore loan

২০১৭ জুলাই ২৭ ১১:৫৬:৪৪
Farmers will receive Tk 20,400 crore loan

In the current fiscal year 2017-18, the central bank has announced annual policy for the target of distributing agricultural and rural credit of Tk 20,400 crore.

On Thursday, Jahangir Alam of the Bangladesh Bank announced the policy while the central bank deputy governor SM Moniruzzaman announced. The bank officials concerned were present in Bangladesh.According to the policy, the target for distribution of agriculture and rural credit of Tk 20,400 crore has been set in the current financial year 2017-18. Which is 16.24 percent more than the previous fiscal year. Apart from commercial banks, Bangladesh Cooperative Bank will provide Tk 20 crore and Bangladesh Rural Development Board (BRDB) Tk 72 billion agricultural credit.In addition to the growing demand of agriculture and rural credit, the target of Tk 9,590 crore for state-owned commercial and specialized banks in the current fiscal year, and Tk 10,810 crore for private and foreign commercial banks has been set to target agriculture and rural credit.According to the policy, farmers will receive agricultural loans at the maximum 9 percent rate. Earlier this rate was 10 percent. The restrictions have been imposed on the distribution of minimum 10 percent livestock in the annual target of the banks.

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