Bangladesh Bank sets Tk 218b farm credit target for FY’19

The central bank of Bangladesh has set an agriculture credit target of Tk 218 billion for the banks to disburse during the current fiscal year (FY) 2018-19.

The loan was estimated to be nearly 7.0 per cent higher than that of the last fiscal year’s target, officials said on Wednesday.

Bangladesh Bank (BB) unveiled the agriculture and rural credit policy and programme for the FY 19 at a press conference at its headquarters in the capital.

Of the target, state-owned commercial banks get a target of Tk 31.95 billion for disbursement in the ongoing fiscal while specialised banks Tk 66.80 billion, private commercial banks Tk 113.44 billion and foreign commercial banks Tk 5.81 billion.

Meanwhile, the disbursement of farm credit exceeded the target in the last fiscal year.

All the banks have achieved nearly 105 per cent of their total annual agriculture loan disbursement target of Tk 204 billion for the FY 18, according to the BB latest statistics.

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