RAKUB to disburse Tk 17.50b agricultural loans

Dhaka,  Monday,   2016-09-19
Published : 19 Sep 2016, 14:03:01

RAKUB to disburse Tk 17.50b agricultural loans

RAKUB to disburse Tk 17.50b agricultural loans
Rajshahi Krishi Unnayan Bank (RAKUB) has set a target of disbursing agricultural loans worth Tk 17.50 billion in the country's northwest region during the current 2016-17 fiscal year.

The bank is disbursing the loan for boosting crop production and rural economy in all 16 districts under Rajshahi and Rangpur divisions.

They have also set a target to generating employment through enhancing agricultural production.

Awal Khan, Managing Director of the specialised commercial bank, said on Sunday, the target has also been set to recover loans of Tk 17.00 billion and deposit collection to Tk 11.90 billion.

All the zonal and branch managers were asked to infuse more dynamism into its all business activities including loan disbursement, recovery especially the classified loan and deposit collection for benefits of both the bank and clients.

They were also given instruction on devising ways and means on how to speed the farmers-level lending activities for boosting agricultural production to meet up the gradually increasing national food demand.

The bank had formulated a work plan early in the previous fiscal and sent its direction to the field level in order to transform the bank into a profit-earning institution along with self-reliant.

Meanwhile, the bank has disbursed loan of Tk 16.36 billion, recovered Tk 19.45 billion including classified loan worth Tk 3.32 billion in 2015-16 fiscal.

It has also mobilised deposit worth Tk 7.38 billion raising the bank's total deposit to Tk 43.36 billion.

Currently, the bank has adopted the effective work plan which is being implemented at the grassroots to make the credit programs easier, according to a news agency report.

Editor : A.H.M Moazzem Hossain
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