Bangladesh Bank on Thursday announced the Agricultural and Rural Credit Policy Programme for FY 2021-22 targeting to disburse Tk 28,391 crore in the agricultural sector.
The target is 7.98 per cent higher than the previous year’s target of Tk 26,292 crore. The lending for the sector has been reduced from 9 per cent to 8 per cent.
The BB in its latest policy on farm credit said considering pandemic situation and in view of the growing demand for agricultural and rural credit, disbursement targets for the state-owned and Specialised Commercial Banks (SCBs) have been fixed at Tk 11,045 crore, while Tk 17,346 crore for the private and foreign commercial banks.
The policy also said, to ensure the food security of the people and to develop a sustainable agricultural credit system, there are some new inclusion in the current agricultural credit policy.
These are - Inclusion of Credit Norms for rearing Sonali Hen under the poultry subsector, Inclusion of Credit Norms for rearing Buffalo and Garol Sheep under the livestock subsector.
