Bangladesh Bank postpones agriculture credit recovery in haor areas

Posted by BankInfo on Tue, Apr 25 2017 09:51 am

 

Bangladesh Bank (BB) on Monday postponed agriculture credit recovery from haor areas across the country due to huge damages in the area by flashfloods.

"The credit recovery remains postponed until the situation is improved," according to a circular issued by BB here Monday.

BB also asked the banks to provide facilities for re-scheduling the credit through relaxation of down payment or easy installment.

BB also instructed the scheduled banks to provide new credits in different crops including planted aman and fisheries considering the real situation of the area.

The central bank also asked the commercial banks to provide credit at concessional interest rate for robi crops and import alternative crops such as pulses, oilseeds, corns and spices.

BB ordered the banks to provide necessary credit to affected farmers for rearing poultry birds, cattle and purchasing fodder.

In another circular, BB also asked all schedule banks and financial institutions to provide financial assistance and reliefs (food, clothes, pure drinking water and medicines) among the flood affected people in haor areas under their Corporate Social Responsibility (CSR) activities.

The recent flash flood caused by incessant rain over the last few days has damaged crops in the country's haor areas under Sylhet, Sunamganj, Netrokona, Kishoreganj, Habiganj, Moulovibazar and Brahmanbaria districts.

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