Dhaka, Bangladesh (BBN)– Four state-owned commercial banks (SoCBs) are going to provide BDT 6.55 billion as loans among tanners to help them purchase raw hides of sacrificial animals during the Eid-ul-Azha.
The SoCBs will provide such seasonal loans only for regular parties in line with their guidelines, according to officials of the public banks.
Under the existing guidelines, only the parties, who have repaid their previous dues, are qualified for getting fresh loans to purchase raw hides.
Those, who failed to repay their previous loans, are not entitled to receive fresh credits for the purpose, they added.
Among the banks, Sonali Bank Limited is set to provide BDT 700 million to their clients for purchasing raw hides during the Eid, a senior official of the bank told BBN in Dhaka.
He also said three parties have already submitted their proposals seeking BDT 700 million for procuring the raw hides.
Equal amount of loan was given to the same parties in the last year on the same purpose, the official added.
Janata Bank Limited is going to provide BDT 3.0 billion as loans for procuring raw hides during the upcoming Eid.
The Janata Bank has already started disbursement of the loans to the parties concerned after getting approval from its board.
The SoCB provided BDT 2.50 billion to 23 parties last year, a senior official of the bank said.
Agarni Bank Limited is set to provide BDT 2.0 billion as loans this year to three parties.
“We’ll disburse the loans on Thursday,” an official of the bank said, adding that the Agrani Bank disbursed BDT 600 million in 2016 to only one party on the same purpose.
Meanwhile, Rupali Bank Limited is set to provide around BDT 850 million to four clients for purchasing the raw hides during the upcoming Eid.
“We’ve disbursed same amount of loans to the same parties last year,” an official of the bank told BBN in Dhaka.