Tuesday, 15 September 2009 17:00

BRAC and Bangladesh Bank sign deal for Tk 500 cr loan to sharecroppers

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16 September 2009, Dhaka. BRAC and Bangladesh Bank signed an agreement on disbursement of agriculture credit to sharecroppers. Under the deal, BRAC in association with other organisations will distribute the credit across the country.

Early this fiscal year, the central bank had announced an allocation of TK 500 crore as agriculture credit dedicated exclusively for the sharecroppers. This is the first ever credit allocation for the sharecroppers in the history of Bangladesh.
 

Bangladesh Bank Govronor Dr. Ataur Rahman, General Manager S. M. Moniruzzaman, BRAC Finance & Account Director S. N. Kairy and BRAC Founder & Cairperson Fazle Hasan Abed at the signing ceremony

Bangladesh Bank Govronor Dr. Ataur Rahman, General Manager S. M. Moniruzzaman, BRAC Finance & Account Director S. N. Kairy and BRAC Founder & Cairperson Fazle Hasan Abed at the signing ceremony

Bangladesh Bank earlier decided to disburse a total agriculture credit of TK 12,000 crore, including allocation for the sharecroppers for fiscal 2009-10. The allocation of increased farm credits is to support the government’s bid to boost agricultural production and keep food prices at an affordable level.

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