Arab Today, arab today bangladesh lifts agrocredit target to 187bn
Last Updated : GMT 05:33:33
Arab Today, arab today
Arab Today, arab today

Bangladesh lifts agro-credit target to $1.87bn

Arab Today, arab today

Arab Today, arab today Bangladesh lifts agro-credit target to $1.87bn

Dhaka - XINHUA

The central bank of Bangladesh has lifted its farm credit disbursement target by 3.29 percent to 145. 95 billion taka (1.87 billion U.S. dollars) for the current fiscal year 2013-14 to encourage sharecroppers to augment domestic food production. The Bangladesh Bank (BB) Governor Atiur Rahman made the announcement at a press briefing here in Dhaka Tuesday. He said higher agro-credit disbursement target will also help the country to reach the desired 7.2 percent GDP growth target for the current fiscal year (July 2013-June 2014). Agricultural sector is one of the key driving-forces of Bangladesh\'s economy as it contributes almost 19 percent of the total GDP. The governor, who also elaborated on farm-credit distribution guidelines, said banks are instructed to ensure effective monitoring system so that only real farmers get the agricultural credit timely according to the agricultural credit policy and norms without any harassment, as well as proper utilization of the credit. He said the BB will continue the intensive monitoring of the whole system to reach the target of the program through four national, three specialized, 29 private and nine foreign banks. The banks in the 2012-13 fiscal year (July 2012-June 2013) accomplished 146.67 billion taka (1.88 billion U.S. dollars) in agriculture loan disbursement, or 103.8 percent of the set target of 141.30 billion taka (1.81 billion U.S. dollars), the BB data showed. According to the BB, the policy, designed to extend the scope of agricultural credit, financial inclusion and utilization of technology in expansion of banking activities in rural areas, increase money flow in rural sector, ensure food security and poverty alleviation, is expected to gain the desired results. \"We have fertile land and large population. So it is high time to give more emphasize to strengthening our national economy with a view of ensuring food security through increase in agricultural production as well as by reviving the rural economy through vast expansion of employment generating activities.\" The BB governor said the government has given maximum importance to increasing production of food grain by keeping agriculture as a priority sector. Due to the implementation of the agriculture-friendly policy by the government, he said Bangladesh has become almost self- sufficient in food production. He added in line with the pro-poor agricultural policy of the government, an Agricultural and Rural Credit Policy and Program for the fiscal year 2013-2014 has been formulated in order to sustain this trend. Retaining the basic features of agriculture and rural policy and program of previous fiscal year, this policy has some new features while giving priority to three core sector of crop, fisheries and animal resources. Comparatively less developed and neglected areas like bio- fertilizer shall be given priority in disbursing agricultural credit, the BB stressed. \"Banks must fulfill their targets in agricultural and rural credit disbursement. In case of failure to achieve their targets, punitive measures will be taken.\"

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today bangladesh lifts agrocredit target to 187bn Arab Today, arab today bangladesh lifts agrocredit target to 187bn

 



Arab Today, arab today
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Top Yemen commander killed

GMT 09:55 2017 Wednesday ,22 February

Top Yemen commander killed
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 05:57 2017 Wednesday ,22 February

Britain risks clash with EU over RBS bailout

GMT 05:26 2017 Wednesday ,22 February

Singapore carbon tax would hit refiners, help renewables

GMT 05:18 2017 Wednesday ,22 February

Chinese PM: US should avoid ‘trade war,’

GMT 20:59 2017 Tuesday ,21 February

Economy good, but homes in German cities overpriced

GMT 05:29 2017 Tuesday ,21 February

Sovereign funds pulled $38bn from markets in 2016

GMT 05:15 2017 Tuesday ,21 February

Gold firms as markets await Trump tax plans

GMT 04:58 2017 Tuesday ,21 February

EU, IMF in ‘common position’ on Greece crisis
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st female Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st female Scotland Yard chief in 188 years
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Janat pleased for issuing 'Good Morning'

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 05:15 2017 Tuesday ,21 February

Omega 3 can reduce asthma cases

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday