Business Desk :
Bangladesh Bank on Wednesday published the annual Agricultural and Rural Credit Policy and Program for the financial year 2018-2019 to achieve the prime objectives of sustainable development goals (SDGs) like eradication of poverty, ensuring safe and nutritious food, maintaining good health for the people of Bangladesh, said a press release.
In this regard, Bangladesh Bank has arranged a press conference at Jahangir Alam Conference Hall at its head office, where Deputy Governor S M Moniruzzaman briefly discussed the main points. Senior officials of Bangladesh Bank and journalists from different media were present during the programme.
Bangladesh Bank has fixed the agri credit target at 21,800.00 (twenty one thousand and eight hundred) crore taka for the current 2018-2019 fiscal year. The target is approximately 6.86 percent higher than that of the previous year.
Considering the increased demand of agricultural and rural credit, disbursement target for the state owned and specialized commercial banks has been fixed at Tk 9875.00 crore and for the private and foreign commercial banks at Tk 11,925.00 crore.
In the previous financial year (2017-18) all the scheduled commercial banks disbursed Tk 21,393.55 crore which is approximately 105 percent of the affixed target of the previous year.
In the previous year agricultural and rural credit was disbursed among 39,62,508 persons in total, of which number of women borrower is 15,76,137 who have received Tk 6,309.58 crore as credit.
In the previous year 30,73,153 small and marginal farmers received around Tk 15,092 crore from different banks. Besides, Tk 30.47 crore was disbursed among 8,339 farmers of char, haor and less developed areas of the country.
To ensure the food security of the people and to develop a sustainable agricultural credit system, some new concepts have been added to the current agricultural credit policy.
Some of the policies are minimum 10 percent of agricultural credit disbursement target is required to disburse to the fisheries sector, agricultural credit for floating agriculture system, agricultural credit for the Integrated farming system, agricultural credit for rearing turkey birds, agricultural credit for producing fish through pen system, increasing the credit limit per acre for the crop cultivation etc.
As per the policies if any private commercial bank cannot achieve its target in a financial year, it is required to deposit unachieved portion of the target amount or equivalent to 3 percent of the unachieved portion of the target.
Bangladesh Bank on Wednesday published the annual Agricultural and Rural Credit Policy and Program for the financial year 2018-2019 to achieve the prime objectives of sustainable development goals (SDGs) like eradication of poverty, ensuring safe and nutritious food, maintaining good health for the people of Bangladesh, said a press release.
In this regard, Bangladesh Bank has arranged a press conference at Jahangir Alam Conference Hall at its head office, where Deputy Governor S M Moniruzzaman briefly discussed the main points. Senior officials of Bangladesh Bank and journalists from different media were present during the programme.
Bangladesh Bank has fixed the agri credit target at 21,800.00 (twenty one thousand and eight hundred) crore taka for the current 2018-2019 fiscal year. The target is approximately 6.86 percent higher than that of the previous year.
Considering the increased demand of agricultural and rural credit, disbursement target for the state owned and specialized commercial banks has been fixed at Tk 9875.00 crore and for the private and foreign commercial banks at Tk 11,925.00 crore.
In the previous financial year (2017-18) all the scheduled commercial banks disbursed Tk 21,393.55 crore which is approximately 105 percent of the affixed target of the previous year.
In the previous year agricultural and rural credit was disbursed among 39,62,508 persons in total, of which number of women borrower is 15,76,137 who have received Tk 6,309.58 crore as credit.
In the previous year 30,73,153 small and marginal farmers received around Tk 15,092 crore from different banks. Besides, Tk 30.47 crore was disbursed among 8,339 farmers of char, haor and less developed areas of the country.
To ensure the food security of the people and to develop a sustainable agricultural credit system, some new concepts have been added to the current agricultural credit policy.
Some of the policies are minimum 10 percent of agricultural credit disbursement target is required to disburse to the fisheries sector, agricultural credit for floating agriculture system, agricultural credit for the Integrated farming system, agricultural credit for rearing turkey birds, agricultural credit for producing fish through pen system, increasing the credit limit per acre for the crop cultivation etc.
As per the policies if any private commercial bank cannot achieve its target in a financial year, it is required to deposit unachieved portion of the target amount or equivalent to 3 percent of the unachieved portion of the target.
