Wednesday 24 July 2013

Agriculture loan crosses target in FY13



The specialised and commercial banks have disbursed agriculture credit of Tk146.67bn during the fiscal 2012-13, which was 3.8% higher than the period’s target of Tk141.30bn.


According to Bangladesh Bank data released on July 23, 4 nationalised, 3 specialised, 29 private and 9 foreign banks disbursed the loans.

Under the central bank’s special refinance scheme for sharecroppers, non-government organisation Brac disbursed TK4.49bn and Bangladesh Rural Development Board (BRDB) TK5.95bn in the FY2012-13.

During the fiscal year, 446,516 sharecroppers received TK11.06bn agricultural credit, which is 7.55% of the total amount disbursed.

An amount of TK93.02bn of agriculture credit disbursed in favour of 2.4m small and marginal farmers, which is 63.51% of the total disbursed amount.

Banks have disbursed Tk12.45bn of farm and rural credit among around 445,000 female farmers, which is 8.5% of total disbursed loans.

Under the special refinance scheme of Tk5bn, an amount of TK4.49bn farm loan has been provided through Brac to 2.6m sharecroppers, who are out of reach by any institutional credit.

BB data showed Habib Bank is the top performer in disbursing farm loans during the FY 2012-13, followed by Citibank N.A, Islami Bank, Standard Bank, Premier Bank, Jamuna Bank, NCC Bank, First Security Islami Bank, UCBL and Trust Bank.

Bangladesh Bank also informed that transactions like credit disbursement, savings, inward and outward remittance of Tk4.6bn took place through the Tk10 account of the farmers.
Original Article Here

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