Al-Arafah Islami Bank distributes agricultural investment in Gaibandha

Al-Arafah Islami Bank’s Palashbari Branch organized a public agricultural investment distribution program at Sadullapur in Gaibandha.

At the event, a total of BDT 25.2 million was distributed among 334 farmers, according to a media release. 

Executive Director of Bangladesh Bank, Bogura Office Md. Sakhawat Hossain attended the program as the Chief Guest.

Executive Vice President of the Bank A.K.M. Amzad Hossain was present as the Special Guest.

Senior officials of the Bank, along with local businessmen, teachers, and distinguished personalities of Sadullapur, were also present.

The program was presided over by ASM. Robiul Islam, Manager of the Palashbari Branch.

In his speech, Chief Guest Md. Sakhawat Hossain emphasized the importance of timely disbursement of agricultural investments, proper utilization of funds, availing cultivation loans at a concessional profit rate of 4% and ensuring timely repayment of liabilities.

He also urged other local bankers to step forward in agricultural investment distribution.

Speakers at the event drew the attention of Bangladesh Bank to further reduce the profit rate of agricultural investment for farmers engaged in cultivating winter crops, the release adds.