Economic Reporter :
Bangladesh Bank (BB) on Monday postponed agriculture credit recovery from haor areas across the country due to huge damages in the area by flashfloods.
“The credit recovery remains postponed until the situation is improved,” according to a circular issued by BB on Monday.
BB also asked the banks to provide facilities for re-scheduling the credit through relaxation of down payment or easy installment.
BB also instructed the scheduled banks to provide new credits in different crops including planted aman and fisheries considering the real situation of the area.
The central bank also asked the commercial banks to provide credit at concessional interest rate for robi crops and import alternative crops such as pulses, oilseeds, corns and spices. BB ordered the banks to provide necessary credit to affected farmers for rearing poultry birds, cattle and purchasing fodder.
