The Bangladesh Bank has increased its agricultural loan disbursement target by 8.75% to Tk 38,000 crore for FY 2024-25, up from Tk 35,000 crore the previous year. This move aligns with the country’s agriculture-friendly policies and aims to boost agricultural production, control inflation, and support GDP growth. The target distribution includes Tk 12,615 crore for state-owned banks and Tk 25,385 crore for private and foreign banks, with specific allocations for crops, fisheries, and livestock. Notably, Shariah-based banks are now included in the rural and farm loan scheme. Banks must achieve at least 50% of their targets through their networks, and those falling short must contribute to the newly established ‘Bangladesh Bank Agricultural Development Common Fund,’ earning 2% interest. Last year, banks exceeded the agricultural loan target by disbursing Tk 37,154 crore, reflecting a strong demand in the sector.
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