Bangladesh Bank on Monday postponed its agriculture credit recovery from haor areas across the country due to huge damage in the area by flashflood, reports BSS.

“The credit recovery remains postponed until the situation is improved,” according to a circular issued by the central bank on Monday.

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

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

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

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

In another circular, Bangladesh Bank asked the scheduled banks and financial institutions to provide financial assistance and relief the flood-affected people.