BRDB disburses over Tk 120m loans

Dhaka,  Wed,  20 September 2017
Published : 11 Jul 2017, 17:37:50 | Updated : 11 Jul 2017, 18:00:39

BRDB disburses over Tk 120m loans

Bangladesh Rural Development Board (BRDB) disbursed loans of over Tk 123.8 million among 2,829 members of 270 groups in six upazilas of Narsingdi district. 

An official said the percentage of loan disbursement stands at 77 per cent as the BRDB earlier has fixed a target to disburse loan of Tk 160 million for the last fiscal (2016-17), reports BSS. 

During the last fiscal, the BRDB realised over Tk 123.3 million as outstanding loans against the target of over Tk 183.6 million showing 67 per cent recovery rate. 

The six projects are Rural Livelihood project, Palli Pragati project, Self Employment for Poverty Alleviation project, Indigent Freedom Fighters and Their Defendant Rehabilitation project, Afro Asian Rural Development project and Women Development project. 

Bangladesh Rural Development Board disbursed the loans through various groups for crop cultivation, setting up small dairy and poultry farms and different income generating projects. 

BRDB has imparted training to 3,130 men and women on self employment under its different courses as cooperative management, agriculture, skill development and income generating activities.

Editor : A.H.M Moazzem Hossain
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