PRAN Dairy signs deal with Bangladesh Krishi Bank

The country’s leading milk processor PRAN Dairy Limited and Bangladesh Krishi Bank signed a deal on supply chain finance to promote the country’s dairy sector. 

Mohammad Mainul Islam Khan, general manager (in-charge) of the Local Principal Office of Bangladesh Krishi Bankand, and Uzma Chowdhury, director (corporate finance) of PRAN-RFL Group, signed the deal on behalf of their respective organizations at the head office of the Bank at Motijheel in Dhaka on Thursday.

Chairman of the Board of Directors of Bangladesh Krishi Bank Md Nasiruzzaman, Managing Director Md Shawkat Ali Khan, Deputy Managing Directors Chanu Gopal Ghosh, Khan Iqbal Hossain, and Salma Banu and high officials of Bangladesh Krishi Bank & PRAN were also present at the program.   

Under the deal, farmers will get money in their bank account after providing the milk to PRAN Dairy and PRAN will get necessary finance through the bank to assist the dairy sector.

Addressing the program, Md Nasiruzzaman said a new door of digital investment has opened through this agreement for the first time in the history of Bangladesh Krishi Bank. The initiative will help the dairy sector to go ahead. 

Uzma Chowdhury said, “The initiative will help us to move forward to ‘Smart Bangladesh’ gradually. PRAN Dairy collects raw milk from farmers and manufactures numerous products, including pasteurized milk, powdered milk, ghee, flavored milk, yogurt, sweet and cheese, after processing raw milk. This multi-use of milk not only plays a role in fulfilling the demand for nutrition but also helps the farmers to get a fair price for the milk and assist them to become an entrepreneur.”