FE Report

The government has set a target to disburse Tk 100 billion as agriculture credit through banks and non-banking financial institutions for fiscal year (FY) 2009-10.

Finance Minister Abul Maal Abdul Muhith disclosed this in his budget speech Thursday.

"In the next FY, we plan to increase the target of agricultural loan from existing Tk 93.79 billion to Tk 100 billion and continue loan programmes at specially reduced rate of interest in the hill districts," the finance minister said.

In FY 2008-09, the target was to distribute Tk 93.79 billion as agricultural through different state-owned, private, specialised banks and financial institutions.