Biz-Econ

Farmers to get Tk 26,000cr bank loan

The banks will disburse loan around Tk 26,292 crore among the farmers during current fiscal year 2020-21 in fighting financial crisis caused by the coronavirus pandemic.

The loan allotment is about 8.99 percent higher than that of the previous financial year. 

Agricultural Credit Department of Bangladesh Bank made agriculture and rural credit policy and programme on Wednesday.

Out of Tk 26,292 crore, state-owned and commercial and specialized banks will disburse Tk 11,045 crore while private and foreign commercial ones set loan allocation target Tk 15,247 crore.