Dhaka, Bangladesh (BBN) – Disbursement of agriculture loan fell by nearly 4.0 per cent in the first seven months of the current fiscal year (FY) 2014-15 compared to the same period of last year.
The disbursement farm credit came down to BDT 84.88 billion during the July-January period of the FY 15 from BDT 88.20 billion in corresponding period of the FY 14, according to the central bank statistics.
Of BDT 84.88 billion, seven state-owned banks disbursed BDT 48.47 billion, and the remaining BDT 36.42 billion was disbursed by the private commercial banks and foreign commercial banks.
All scheduled banks have achieved nearly 55 per cent of their annual agricultural loan disbursement target for the ongoing fiscal FY 15, fixed at BDT 155.50 billion.
On the other hand, the recovery of farm loan fell by 7.79 per cent to BDT 90.62 billion during the period under review from BDT 98.28 billion in the same period of the previous fiscal.
“We’ve already asked the banks for taking necessary measures to achieve the farm credit disbarment target by the end of June this fiscal,” a senior official of the Bangladesh Bank (BB) told BBN in Dhaka.
He also said the central bank has given such directives to the banks from deferent meetings, held at the central bank headquarters in Dhaka recently.
BBN/SSR/AD-20Feb15-7:22 pm (BST)
