Dhaka, Bangladesh
RAKUB disburses Tk 764.36cr agri-loan in northwest region

RAKUB disburses Tk 764.36cr agri-loan in northwest region

Business Desk
Rajshahi Krishi Unnayan Bank (RAKUB) has
disbursed around Taka 764.36 crore
agriculture loans in the country’s
northwest (NW) region during the last
three months and 13 days of the current
2020-21 fiscal year to facilitate
increasing crop production and enhance
rural economy.
The specialised commercial bank disbursed
the loans through its 383 branches in all
16 districts under Rajshahi and Rangpur
divisions. Apart from this, the bank
recovered loan worth around Taka 360.63
crore and classified loan of Taka 61.06
crore besides deposit collection of Taka
25.05 crore during the same period.
The bank headquartered in Rajshahi has set
a target of disbursing loans worth Taka
2,850 crore, recovering Taka 2,300 crore
and deposit collection of Taka 1,200 crore
during the current 2020-2021 fiscal year.
High officials of the bank revealed these
while addressing a review meeting held at
the RAKUB’s Boardroom on Thursday related
to the progress of the loan disbursement,
recovery and deposit collection of the
current fiscal.
The meeting also reviewed the disbursement
progress of agriculture loans from the
Prime Minister’s stimulus package fund.
The state-owned RAKUB has disbursed Taka
324.71 crore agriculture loans among 7,029
farmers through different branches from
the Prime Minister’s stimulus package
fund.
Bangladesh Bank has allocated Taka 319
crore fund from the stimulus package.
Bank Chairman Roisul Alam Mondal addressed
the meeting virtually with Managing
Director AKM Sajedur Rahman Khan in the
chair. Deputy Managing Director Muhammad
Idrish and General Managers Ruhul Amin and
Mosaddeque Hossain also spoke.
Sajedur Rahman Khan said Prime Minister
Sheikh Hasina announced a new stimulus
package of Tk 5,000 crore in May last for
farmers to boost agricultural production
in the backdrop of the Covid-19 fallout.
He said the money from the fund has been
disbursed among small and medium-scale
farmers, including those in the poultry
and dairy sector, in rural areas, at five
percent interest.
“Small and medium-scale farmers in rural
areas received loans from the fund, and
they are using the money to produce
agricultural products, flowers, fruits,
fish and poultry,” he added.
Apart from this, the bank has, so far,
disbursed Taka 29.82 crore loans among the
borrowers to revive cottage, micro, small
and medium enterprises (CMSMEs) that have
been affected financially due to the
Covid-19 outbreak.
The Bangladesh Bank has allocated Taka 36
crore to RAKUB for the sector.
Besides, the existing disbursement of
loans at four percent interest for spices
is continuing and Taka 171.87 crore has,
so far, been disbursed.
Sajedur Rahman also said loan disbursement
activities to other sectors of the
stimulus package announced by the premier
are progressing efficiently. “We are very
much hopeful about attaining the cherished
targets in these sectors within the
stipulated time,” he added.
He also said the stimulus packages will
ultimately contribute a lot towards
recouping the losses being triggered by
the Covid-19 pandemic.
As the largest development partner in
agriculture as well as agro-based industry
sector of the northwest Bangladesh,
currently, the bank has adopted an
effective work plan which is being
implemented at the grassroots level to
attain all the targets within the
stipulated time.

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