Islami Bank Bangladesh Limited (IBBL) has disbursed Taka 27.9 million as agriculture loan among the entrepreneurs and the farmers in the district during seven months of the current fiscal.

Of the total loan, Tk 600,000 was distributed for boro paddy and potato cultivation, Tk 600,000 for fish culture, Tk 14.20 million and Taka 12.50 million for the establishment of agro-based industries and dairy and poultry farms respectively, Bank sources said.

The objective of the loan disbursement was to inspire the entrepreneurs and the farmers boost production for achieving country's food security and create working opportunities through establishing agro-base industries in rural areas of the district.

Besides, the Bank has taken up a plan to disburse Tk 6 million as agriculture loan to the 200 farmers of the district in a bid to inspire them for maize cultivation during the current season.

Over Tk 3 million has already been distributed to the farmers till February 25 for maize cultivation and the rest amount will be disbursed within short time.

While talking to this correspondent, assistant vice president and Gaibandha branch manager of IBBL M Anwarul Haque said: 'We are getting much response from the farmers and the entrepreneurs for bank loan at a minimum interest rate'.

Apart from this, the Bank also distributed micro-credit of Tk 74.4 million at 10 percent interest to 3,500 marginal people of the district during the current fiscal, he added.

The Daily Sun/Bangladesh/ 29th Feb 2012