Dhaka, Bangladesh (BBN) – The central bank of Bangladesh on Monday issued a policy on short-term agriculture loans rescheduling aiming to boost productions through facilitating farmers, officials said.
Under the fresh policy, the banks are allowed to reschedule such agriculture loans under ‘banker-client’ relationship through relaxation of down payment. In some cases, such loans can be rescheduled even without any down payment.
The farmers will be eligible for getting fresh agriculture loans without depositing any compromised amount after rescheduling such loans.
“The central bank has issued the policy to boost the agriculture productions through providing financial support to the farmers,” a senior official of the Bangladesh Bank (BB) told BBN in Dhaka. “It will also help strengthening the ongoing financial inclusion programmes.”
He also said the banks are also empowered to reschedule such loans after disposal of the certificate causes through mutual agreement with the clients.
Such rescheduled facility will be continued until December, 2015.
The BB’s latest move came against the backdrop of rising trend in the number of certificate cases against farmers across the country.
The number of unsettled certificate cases stood rose to 205,372 as of November 30, 2014 from 202,274 as of January 31 last year while the classified loans involving the certificate cases stood at BDT 5.70 billion from BDT 5.53 billion.
BBN/SSR/AD-23Feb15-11:12 pm (BST)
