Saturday, May 26, 2018 | ePaper

Agri loan disbursement in 16-17 FY likely to exceed target

  • Print
Staff Reporter :
The loan disbursed in agriculture sector by the scheduled banks in the country exceeded 90 percent during the July-March period of the current financial year, data showed.
According to the Bangladesh bank (BB) data, all the specialized, state-owned and private commercial banks, including foreign commercial banks operating in the country, disbursed target's 90.09 percent agriculture and non-farm rural loan in past nine months of the fiscal (2016-2017).
The schedule banks disbursed a total of Taka 15,810.42 crore till March '17,against the target of Taka 17,550 crore, BB data said.
Foreign and private commercial banks performed better than the public banks during the period.
All state-owned and specialized banks disbursed 80.26 percent of their total loan target, contrarily foreign and private commercial banks disbursed 101.14 percent of their target.
Six state-owned commercial banks - Agrani, Janata, Rupali, Sonali, BASIC and BDBL and two state-owned specialized banks - Bangladesh Krishi Bank and RAKUB have disbursed Taka 7456.09 crore against the target of Taka 9290 crore.
But the foreign and private commercial banks disbursed Taka 8354.33 crore against the target of Taka 8260 crore.
"The trend of recent credit disbursement indicates that the disbursement target for the current fiscal is likely to be exceeded," BB chief spokesperson Subhankar Saha told the New Nation.
He said the country was able to exceed the agriculture loan disbursement target in the last couple of years due to the BB's strict monitoring.
Every month, BB holds a meeting with scheduled banks to expedite agriculture loan disbursement activities, he added.
BB's disbursement target was Taka 14,595 crore during 2013-14 fiscal, but the disbursement surpassed the target with Taka 16,037 crore.
Fiscals 2014-'15 and 2015-'16 also followed the similar trend with disbursement of Taka 15,978 crore and 17,646 crore against the targets of Taka 15,550 crore and Taka 16,400 crore respectively.
According to the BB data, the disbursement of agricultural and non-farm rural credit increased by 11.96 percent during July-March in 2016-'17 compared with that in the corresponding period of 2015-'16.

More News For this Category

Professor Md. Nazmul Hassan, Ph.D, Chairman of Islami Bank Bangladesh Limited, presiding over the meeting of Board of Directors at the bank's head office on Thursday. Dr. Areef Suleman, representative of Islamic Development Bank , other directors and Md. Mahbub ul Alam, Managing Director of the bank were also present.

Professor Md. Nazmul Hassan, Ph.D, Chairman of Islami Bank Bangladesh Limited, presiding over the meeting of Board of Directors at the bank's head office on Thursday. Dr. Areef Suleman, representative of Islamic Development Bank , other directors and Md. Mahbub ul Alam, Managing Director of the bank were also present.

.

BB's policies boost up women entrepreneurs in BD

BSS, Dhaka :During her study career up to the Master's level, She fostered a dream to be the one quite independent with a unique business, unlike her other friends

BIGD joins int'l research partnership on tobacco tax policies

Business Desk :BRAC Institute of Governance and Development (BIGD), BRAC University, has joined an international collaboration of economics and fiscal policy researchers focused on tobacco control policies in Bangladesh.Research

M. Khorshed Anowar, Head of Retail Banking of Eastern Bank Limited (EBL) and KSM Mohith-ul Bari, Head of Business of Pepperoni Limited, the franchise of Secret Recipe in Bangladesh, exchanging an agreement signing documents at its head office in the city recently. Under the deal, cardholders of the bank will get exclusive discounts on food and beverage items at all outlets of the restaurant across the Dhaka city. Senior officials from both the organizations were present.

M. Khorshed Anowar, Head of Retail Banking of Eastern Bank Limited (EBL) and KSM Mohith-ul Bari, Head of Business of Pepperoni Limited, the franchise of Secret Recipe in Bangladesh, exchanging an agreement signing documents at its head office in the city recently. Under the deal, cardholders of the bank will get exclusive discounts on food and beverage items at all outlets of the restaurant across the Dhaka city. Senior officials from both the organizations were present.

.

ABL, TVS ink MoU to work as corporate partners

Business Desk :Atlas Bangladesh Limited (ABL), a state owned company on Thursday inked a Memorandum of Understanding (MoU) with TVS Auto Bangladesh Limited for working as corporate partners.Industries Minister

BEA to place its budget proposals for FY19 today

Business Desk :Like previous years, Bangladesh Economic Association (BEA) will place its budget proposals on Saturday simultaneously from the capital and other parts of the country through holding separate

OBHAI assists DMP Water purifiers

Business Desk :The Ride sharing service 'OBHAI', a concern of MGH group has stepped forward for Dhaka Metropolitan Police, says a press release. Recently, 'OBHAI' handed over 10 water

Trump expands multi-front trade conflict

AFP, Washington :With the latest threat to impose harsh import duties on vehicles and auto parts under the guise of national security, President Donald Trump has opened another front

On behalf of Managing Director of BRB Polymer Limited, Md. Parvez Rahman, Director of the company receiving the ''President's Award for Industrial Development-2016'' from the President Md. Abdul Hamid, at Osmani Memorial Auditorium in the city recently in recognition of remarkable contribution in industrialization, manufacturing and creating employment opportunity in private sector in the country.

On behalf of Managing Director of BRB Polymer Limited, Md. Parvez Rahman, Director of the company receiving the ''President's Award for Industrial Development-2016'' from the President Md. Abdul Hamid, at Osmani Memorial Auditorium in the city recently in recognition of remarkable contribution in industrialization, manufacturing and creating employment opportunity in private sector in the country.

.

Film actor Amin Khan, inaugurating an exclusive showroom of Marcel as the Brand Ambassador of the company at Jhikargacha Bazar in Jessore district on Wednesday. Humayun Kabir, Executive Director, Dr. Shakhawat Hossen, Additional Operative Director, Nurul Islam Rubel, First Sr. Assistant Director of the company among others were present.

Film actor Amin Khan, inaugurating an exclusive showroom of Marcel as the Brand Ambassador of the company at Jhikargacha Bazar in Jessore district on Wednesday. Humayun Kabir, Executive Director, Dr. Shakhawat Hossen, Additional Operative Director, Nurul Islam Rubel, First Sr. Assistant Director of the company among others were present.

.