The instruction came at a meeting with senior officials of the banks at BB headquarters in the capital on Monday. He said the central bank would take action against the banks if they failed to achieve their farm-loan disbursement targets by the timeframe. During July to January period of this fiscal year, private commercial and foreign banks disbursed Tk6,850.56crore to the farm sector, which is 49.83% of its fiscal target. However, eight state-run banks disbursed Tk6,253.71 crore or 60.28% of its fiscal target, according to the central bank data. The Bangladesh Bank set the farm credit disbursement target for the current fiscal year at Tk24,124 crore or 10.66% up from previous fiscal year.

Source: Dhaka Tribune February 25, 2020 16:41 UTC