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

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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.

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