Govt to provide loans to 1.36 lakh marginal farmers

The government will provide fresh loans to 1 lakh 18 thousand marginal farmers in order to enhance their financial capacity in productive and income generating activities.

The interest rate of this loan will be 11 percent.

But one percent will be added to the funds of the beneficiaries.  Some big loans will be issued under the project.

As a result, one lakh 36 thousand farmers will come under this loan facility after approval of this project.   

The small loan will be given to any person having 2.5 decimal to 5 decimal of lands after considering him/her as a small farmer.

The interest rate will be charged after two months of issuing loans.  

In the first phase, the volume of this small loan will be Tk 30,000 to Tk 70,000. Under this project, some farmers or sharecroppers will be given big loans. The volume of the loan will be Tk1.5 lakh to Tk 4 lakh.