BRAC Bank, the largest SME bank in the country, and Jagorani Chakra Foundation, a microfinance organisation, recently signed an agreement to provide loan to farmers and small entrepreneurs in agriculture sector.

Under the agreement, farmers at the grassroots level working in dairy, poultry, fisheries and animal husbandry sectors will get easy loan facilities from BRAC Bank through Jagorani Chakra Foundation, said a press release.

Farmers and entrepreneurs in crop farming, biogas, fruit, betel leaf and other agricultural sectors will also get easy loan for business expansion.

Under the deal, BRAC Bank will provide Tk 100 million to Jagorani Chakra Foundation for disbursement among farmers and small entrepreneurs in agro-based sector.

Deputy Managing Director of BRAC Bank Mr. Mohammad Mamdudur Rashid and Executive Director of Jagorani Chakra Foundation Mr. Azadul Kabir Arzoo signed the agreement on behalf of their respective organizations at the bank’s Head Office on April 21.

News: Daiy Sun/ Bangladesh/ Apr-28-2011