Over Tk 5.68b farm loan remains stuck

Dhaka,  Thu,  24 August 2017
Published : 25 Nov 2016, 21:19:47

Over Tk 5.68b farm loan remains stuck

184,308 cases filed against farmers in 16 yrs
FE Report

Over Tk 5.68 billion disbursed by six state-owned banks (SoBs) as farm loan to the country's poor farmers remain stuck, statistics show.

Some 184,308 cases were filed against the farmers, according to the statistics.   

By the end of the third quarter of 2016 since January 1991, some 12,245 borrowers could not be traced even after warrants of certificate cases were served against them. As a result, Tk 380 million has got stuck.

Some 997 certificate cases were settled with the recovery of only Tk 45.4 million while at the same time, 223 fresh cases involving Tk 12.19 million were filed until September last.

As of September last, Sonali Bank Ltd had 17,346 pending cases involving Tk 388.7 million. It settled only 115 cases in the same month and filed 3 fresh cases. At the end of the same month, the bank issued 960 warrants against the borrowers who could not be traced.

Janata Bank Ltd had 18,397 pending cases where Tk 419 million remained stuck until September last. It settled 59 cases and filed 36 fresh ones in the same month. It served 1,696 warrants of certificate cases involving Tk 32.8 million.

Agrani Bank Ltd had 30,279 pending cases under which Tk 442 million remained stuck until September. The bank settled 184 cases, and no fresh case was filed in the same month. It issued 1,613 warrants involving Tk 45 million, but the borrowers could not be traced.

Until the third quarter of 2016, Rupali Bank Ltd had 3,256 pending cases involving Tk 42.5 million. The bank settled four pending cases and filed 2 fresh ones in the same month.

Bangladesh Krishi Bank (BKB) had highest 85,396 pending cases involving Tk 2.91 billion. In the same month, some 237 cases involving Tk 14.5 million were settled. The bank could not trace 5,337 borrowers after warrants involving Tk 149.3 million were served at the end of September.

In the same month, Rajshahi Krishi Unnayan Bank (RAKUB) had 29,634 pending cases involving Tk 1.47 billion. The bank issued some 2,270 warrants involving Tk 108.3 million until September last.

"We are trying to reduce the number of certificate cases and recover the money with help from the government and the central bank," a high official of a SoB told the FE Friday.

The central bank reviews the number of pending cases, settlement and filing of new cases, he added.

Besides, they are repeatedly requesting the bank authorities to lessen the number of cases and to be cautious while granting new loans, he also mentioned.

Local officials of different SoBs are seeking help from the local administration in settling the pending cases against the farm loan, officials concerned said.  

Editor : A.H.M Moazzem Hossain
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