Bangladesh Bank has extended the deadline for disbursing loans under a Tk 5,000 crore refinance scheme to support farmers until December 31. The scheme, initiated in November 2022 in response to rising global food prices due to the Russia-Ukraine war, aims to provide low-cost loans at 4 percent interest to farmers for growing crops and ensuring food security. The loans, offered through banks, cover the cultivation of rice, vegetables, fruits, flowers, and the farming of fish, poultry, and dairy. The scheme later included cattle fattening. The latest circular adds tuber crop cultivation and goat and lamb farming to the list of eligible activities, allowing farmers involved in these areas to also access the low-cost loans.
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