April 18, 2024, 12:23 pm


2018-05-28 23:45:06 BdST

Farm loan disbursement reaches 88pc of target


The disbursement of farm loans by scheduled banks has reached 88 per cent of its full-year target in the first ten months of this fiscal year, a central bank official said.

The banks witnessed a high demand for agriculture credit in the period of July-April, he said, terming the loan disbursement flow satisfactory.

The Bangladesh Bank is now focusing on farm loan disbursement to develop the agro-product sector of the country, he added.

He also said the credit disbursement has increased due to proper monitoring of the central bank.

As per the BB statistics, the banks disbursed farm loans to the tune of over Tk 179.52 billion in the July-April period.

The total target was fixed at Tk 204 billion for the FY 2017-18.

The amount of loans disbursed by private commercial banks is higher than the loans given by the state-run banks.

Of Tk 179.52 billion loans disbursed in the ten months, Tk 96.59 billion came from private commercial banks while the remaining Tk 82.93 billion was disbursed by the state-owned banks.

The central bank has already advised the banks to expedite both recovery and disbursement of farm loans, said another official.

He expressed optimism that the loan disbursement target would be achieved at the end of the fiscal year.

The agro-sector receives loans in a large scale every fiscal year, he said.

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