Business Desk :
Over the last 5 years Islami Bank Bangladesh Limited has invested more than 60 billion Taka in agriculture sector. The bank also trained two and a half million farmers on modern technology for cultivation.
Since its inception, the bank has been working for development of agricultural sector, which is the livelihood of 80 percent people of the country directly or indirectly, says a press release.
The bank is giving priority investment in agri marketing, agri support industries and storaging of agro goods. To achieve the country’s economic prosperity through implementation of investment projects like Agricultural Implements Investment Scheme, Rural Development Scheme (RDS) and Small Business Investment Scheme the bank trying the best to help increase the GDP growth of the country.
Under the directive of Bangladesh Bank to invest two and a half percent of total investment of each scheduled bank in agriculture and rural sectors, Islami Bank had to invest Tk 75.5 billion in the last fiscal. The bank has invested a total of 1.319 billion in this sector, which is 9 percent of disbursed amount among all bank and 23 percent among the private banks in the sector.
The bank is expanding its investment protfolio by giving priority to the sharecroppers, marginalized groups in society including small and disadvantaged peasant of the country.
Production of high-yielding crops are being given encouraged in the regional level. A total of Tk 53.59 billion have been distributed among 1,394 entrepreneurs in the Agro-based industrie. Special investment are being given the import oriented and high-priced crops sectors.
The bank has also been investing in the priority sectors of the government including pulses, oilseeds, spices and maize cultivation at grace profit rate. The bank has invested nearly three crore in the last three years at concessionary rate. Agriculture contributes 18.6percent of the country’s GDP. In 2012-13, Islam Bank has invested Tk 13.07 billion in the agricultural sector, which is 180 percent of the target. In the last fiscal year, the bank invested Tk. 13.22 billion, which is 175 percent of the target.
The agricultural sector contributes 45 percent of the country’s total labor force. Islami Bank not only invest in the agricultural sector, but contributes to the creation of labor skills by providing training and technical assistance to the borrowers.
In the last three years, the Bank has so far trained 2 lakh 53 thousand people in agriculture, livestock and fisheries. In 2014, 1 lac 57 thousand 187 people were trained through 2,362 training workshops. Farmers and fishermen are becoming expert through training resulting in improving crop production, cattle rearing and fish farming helping the country to be self-sufficient in food and nutrition. They are becoming solvent in returning investment to the bank as well as becoming self-sufficient.
Positive vision, skilled manpower and careful monitoring of the bank management act behind the unprecedented success in the agricultural sector. The Bank introduces separate Agriculture Investment Policy with a view to ensuring agriculture policy, monitoring and fair statement. The department is currently working under the Rural Development Scheme. The bank adoptes different strategies each year for success in agriculture. Before investing, a survey is conducted to detect the actual recipient of the agricultural investments. About 60 percent agro investment is deployed in crops cultivation. Keen supervision is taken as area based cluster investment. The bank does not invest in any sector harful for the environment.
Over the last 5 years Islami Bank Bangladesh Limited has invested more than 60 billion Taka in agriculture sector. The bank also trained two and a half million farmers on modern technology for cultivation.
Since its inception, the bank has been working for development of agricultural sector, which is the livelihood of 80 percent people of the country directly or indirectly, says a press release.
The bank is giving priority investment in agri marketing, agri support industries and storaging of agro goods. To achieve the country’s economic prosperity through implementation of investment projects like Agricultural Implements Investment Scheme, Rural Development Scheme (RDS) and Small Business Investment Scheme the bank trying the best to help increase the GDP growth of the country.
Under the directive of Bangladesh Bank to invest two and a half percent of total investment of each scheduled bank in agriculture and rural sectors, Islami Bank had to invest Tk 75.5 billion in the last fiscal. The bank has invested a total of 1.319 billion in this sector, which is 9 percent of disbursed amount among all bank and 23 percent among the private banks in the sector.
The bank is expanding its investment protfolio by giving priority to the sharecroppers, marginalized groups in society including small and disadvantaged peasant of the country.
Production of high-yielding crops are being given encouraged in the regional level. A total of Tk 53.59 billion have been distributed among 1,394 entrepreneurs in the Agro-based industrie. Special investment are being given the import oriented and high-priced crops sectors.
The bank has also been investing in the priority sectors of the government including pulses, oilseeds, spices and maize cultivation at grace profit rate. The bank has invested nearly three crore in the last three years at concessionary rate. Agriculture contributes 18.6percent of the country’s GDP. In 2012-13, Islam Bank has invested Tk 13.07 billion in the agricultural sector, which is 180 percent of the target. In the last fiscal year, the bank invested Tk. 13.22 billion, which is 175 percent of the target.
The agricultural sector contributes 45 percent of the country’s total labor force. Islami Bank not only invest in the agricultural sector, but contributes to the creation of labor skills by providing training and technical assistance to the borrowers.
In the last three years, the Bank has so far trained 2 lakh 53 thousand people in agriculture, livestock and fisheries. In 2014, 1 lac 57 thousand 187 people were trained through 2,362 training workshops. Farmers and fishermen are becoming expert through training resulting in improving crop production, cattle rearing and fish farming helping the country to be self-sufficient in food and nutrition. They are becoming solvent in returning investment to the bank as well as becoming self-sufficient.
Positive vision, skilled manpower and careful monitoring of the bank management act behind the unprecedented success in the agricultural sector. The Bank introduces separate Agriculture Investment Policy with a view to ensuring agriculture policy, monitoring and fair statement. The department is currently working under the Rural Development Scheme. The bank adoptes different strategies each year for success in agriculture. Before investing, a survey is conducted to detect the actual recipient of the agricultural investments. About 60 percent agro investment is deployed in crops cultivation. Keen supervision is taken as area based cluster investment. The bank does not invest in any sector harful for the environment.
