RAKUB disburses Tk 920.70cr agri-loan in northwest region

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BSS, Rajshahi :
Rajshahi Krishi Unnayan Bank (RAKUB) disbursed around Taka 920.70 crore agriculture loans in the country’s northwest (NW) region during the first four months of the current 2020-21 fiscal year to facilitate increasing crop production and boosting rural economy.
The specialised commercial bank disbursed the loans through its 383 branches in all 16 districts under Rajshahi and Rangpur divisions.
Apart from this, the bank recovered loans of around Taka 703 crore including classified loan of Taka 80 crore besides deposit collection of Taka 111 crore during the same period.
The bank headquartered in Rajshahi has set a target of disbursing loans of Taka 2,850 crore, recovering Taka 2,480.63 crore and deposit collection of Taka 1,200 crore during the current fiscal year.
High officials of the bank revealed these while addressing a review meeting on progressing loan disbursement, recovery and deposit collection of the current fiscal held at the RAKUB’s Boardroom on Saturday.
The meeting also reviewed the disbursement progress of agriculture loans from the Prime Minister’s stimulus package fund.
The state-owned RAKUB has disbursed Taka 327 crore agriculture loans among 7,133 farmers through different branches from the Prime Minister’s stimulus package fund. Bangladesh Bank has allocated Taka 416 crore fund from the stimulus package.
Bank Chairman Roisul Alam Mondal addressed the meeting virtually with Managing Director AKM Sajedur Rahman Khan in the chair. Deputy Managing Director Muhammad Idrish and General Managers Ruhul Amin and Mosaddeque Hossain also spoke.
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