Banks increase agricultural loan 

Dhaka,  Thu,  24 August 2017
Published : 18 Jun 2017, 20:43:33

Banks increase agricultural loan 

Farm and non-farm credit disbursement witnessed a massive 107.89 per cent growth in the 11 months of fiscal year 2016-17 (FY17) as banks in public and private sectors, including the specialised and foreign ones, disbursed about Tk 189 billion till May against their total target of Tk 175.5 billion during the period. 

Private and foreign commercial banks performance is better than the public banks in distribution of agricultural and non-farm credit during the period, reports BSS. 

According to Bangladesh Bank data, state-owned and specialised banks have achieved 98.38 per cent of their loan disbursement target while the foreign and private commercial banks 118.59 per cent against their target fixed by the central bank. 

Six state-owned commercial banks - Agrani, Janata, Rupali, Sonali, BASIC and BDBL and two state-owned specialised banks - Bangladesh Krishi Bank and RAKUB disbursed a total of around Tk 91.40 billion which is more Tk 1.50 billion than their target of Tk 92.90 billion. 

The foreign and private commercial banks disbursed around Tk 97.96 billion, up Tk 15.35 billion from their target of Tk 82.60 billion.

Earlier, Bangladesh Bank Chief Spokesperson Subhankar Saha said banks have been able to exceed the agricultural loan disbursement target in the last couple of years due to the BB's strict monitoring over the farm loan disbursement. 

Every month, BB holds meeting with scheduled banks to expedite agricultural loan disbursement activities, he added.

Disbursement target of the BB was Tk 145.95 billion for fiscal year 2013- 14, but the disbursement surpassed the target and stood at Tk 160.37 billion.

Fiscals 2014-15 and 2015-16 also followed the similar trend with disbursement of Tk 159.78 billion and Tk 176.46 billion against the targets of Tk 155.5 billion and Tk164 billion respectively.

Editor : A.H.M Moazzem Hossain
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