[chottala.com] Banks to get Tk 11,500 cr farm loan goal

 The central bank is set to fix the agriculture loan distribution target for all banks at a record Tk 11,500 crore in 2009-10, by creating new loan products, the governor says.

"The whopping amount will have an aim to make the country self-dependant in food through boosting farm produce," said Atiur Rahman, speaking exclusively to bdnews24.com on Monday

He said that agriculture and rural loan regulations and the farm credit disbursement goal would be announced on Tuesday.

"In the upcoming agriculture and rural loan regulations, a number of new sectors have been created… new food storages under the loan coverage will be encouraged, sharecroppers will be allowed access to loan without deposit and loans for producing spices," the governor said.

"Bangladesh Bank will strictly monitor if the banks are properly disbursing farm loans," the central bank chief said and added that there would be separate monitoring cells in each bank.

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Rubeel
www.jzom.com

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