Economic Reporter :
Bangladesh Bank Governor Dr. Atiur Rahman asked banks to disburse dairy farming loan among the farmers with a view to meeting the demand of the milk and meat of the people.
The governor said this while addressing `loan distribution of milk production and milk processing activities` at Krishibid Institute in the city on Wednesday.
Bangladesh Bank (BB) has launched a Taka 200-crore refinancing scheme to help boost the country’s dairy farming.
Prime Minister Sheikh Hasina on Wednesday inaugurated the loan disbursement under this scheme at Krishibid Institute in the city. At the function, the Premier handed over cheques for loan among 13 selected beneficiaries of the scheme.
Wishing success of the loan distribution programme, Sheikh Hasina said marginal farmers would be more encouraged in rearing cows and producing milk. As a result, she said, the country would be self-reliant in milk production.
Prime Minister Sheikh Hasina has urged char people to increase the productions of milk and meat through cattle husbandry for creating markets outside the country.
Sheikh Hasina said, “Increasing of milk production is possible, if we enhance cattle husbandry in char area. Beside this, we have to try best to export the milk after processing.”
PM said, “Many of Muslim countries import halal meat from other countries. We can take this market.”
The premier also urged livestock department to ensure the reduction of cattle death rate from increasing meat production.
Under the scheme, a total of 13 banks and financial institutions will provide dairy farmers with easy and cheaper loan for rearing milking cows and their artificial breeding.
Each dairy farmer will get the highest Taka two lakh for procuring maximum four heifers. Female and marginal farmers will get preference for receiving the loan, which is repayable in 54 months with 5.0 percent interest.
The participating banks and financial institutions will get necessary money from the BB’s refinancing scheme besides getting additional 5.0 percent interest against their disbursed loans.
“The refinancing scheme for dairy farmers is also a result of pro-poor policy of the present government under the leadership of Prime Minister Sheikh Hasina,” said BB Governor Dr Atiur Rahman.
The governor said at least 10 thousand farmers would get the loan, which should be repaid in 54 months. Dr Atiur said the country had been spending around Taka 4 thousand 500 crore a year for importing milk powder to meet the demand for milk.
Against this backdrop, he said, the central bank created a Taka 200 crore revolving fund in last June for dairy farming to help reduce the huge import cost by raising cows for milking. Dr Rahman urged banks and financial institutions to expand the credit programme across the country to help create a modern dairy industry in Bangladesh.
The central bank last week directed banks to provide farmers in the country’s char areas with similar loan for rearing buffaloes. Earlier, BB asked some selective banks to provide loans from its refinancing scheme to dairy farmers for buying and raising calves.
Bangladesh Bank Governor Dr. Atiur Rahman asked banks to disburse dairy farming loan among the farmers with a view to meeting the demand of the milk and meat of the people.
The governor said this while addressing `loan distribution of milk production and milk processing activities` at Krishibid Institute in the city on Wednesday.
Bangladesh Bank (BB) has launched a Taka 200-crore refinancing scheme to help boost the country’s dairy farming.
Prime Minister Sheikh Hasina on Wednesday inaugurated the loan disbursement under this scheme at Krishibid Institute in the city. At the function, the Premier handed over cheques for loan among 13 selected beneficiaries of the scheme.
Wishing success of the loan distribution programme, Sheikh Hasina said marginal farmers would be more encouraged in rearing cows and producing milk. As a result, she said, the country would be self-reliant in milk production.
Prime Minister Sheikh Hasina has urged char people to increase the productions of milk and meat through cattle husbandry for creating markets outside the country.
Sheikh Hasina said, “Increasing of milk production is possible, if we enhance cattle husbandry in char area. Beside this, we have to try best to export the milk after processing.”
PM said, “Many of Muslim countries import halal meat from other countries. We can take this market.”
The premier also urged livestock department to ensure the reduction of cattle death rate from increasing meat production.
Under the scheme, a total of 13 banks and financial institutions will provide dairy farmers with easy and cheaper loan for rearing milking cows and their artificial breeding.
Each dairy farmer will get the highest Taka two lakh for procuring maximum four heifers. Female and marginal farmers will get preference for receiving the loan, which is repayable in 54 months with 5.0 percent interest.
The participating banks and financial institutions will get necessary money from the BB’s refinancing scheme besides getting additional 5.0 percent interest against their disbursed loans.
“The refinancing scheme for dairy farmers is also a result of pro-poor policy of the present government under the leadership of Prime Minister Sheikh Hasina,” said BB Governor Dr Atiur Rahman.
The governor said at least 10 thousand farmers would get the loan, which should be repaid in 54 months. Dr Atiur said the country had been spending around Taka 4 thousand 500 crore a year for importing milk powder to meet the demand for milk.
Against this backdrop, he said, the central bank created a Taka 200 crore revolving fund in last June for dairy farming to help reduce the huge import cost by raising cows for milking. Dr Rahman urged banks and financial institutions to expand the credit programme across the country to help create a modern dairy industry in Bangladesh.
The central bank last week directed banks to provide farmers in the country’s char areas with similar loan for rearing buffaloes. Earlier, BB asked some selective banks to provide loans from its refinancing scheme to dairy farmers for buying and raising calves.
