Only 56pc loan disbursed in first 8 months
A file photo shows farmers working on a paddy field in Dhaka. Bangladesh Bank data shows banks disbursed only 55.72 per cent of their annual target of agricultural loans in the first eight months of the current financial year. — New Age photoBanks disbursed only 55.72 per cent of their annual target of agricultural loans in the first eight months of the current financial year.
According to the latest provisional data released by the Bangladesh Bank on Sunday, state-owned, private and foreign commercial banks, and specialised banks from July to February of the FY2011-12 collectively disbursed Tk 7,688.89 crore in farm loans against the annual disbursement target of Tk 13,800 crore.
The agricultural loans disbursed by the banks in the same period of the previous financial year totalled at Tk 7,990.22 crore, 63.33 per cent of the annual target of the agricultural credits Tk 12,617.40 crore.
BB data also showed that the agricultural credit disbursement from July to February of the FY2011-12 also declined by 3.77 per cent from that of the same period of the previous financial year.
A BB official told New Age that banks usually disbursed large amount of agricultural loans during boro season.
According to the latest provisional data released by the Bangladesh Bank on Sunday, state-owned, private and foreign commercial banks, and specialised banks from July to February of the FY2011-12 collectively disbursed Tk 7,688.89 crore in farm loans against the annual disbursement target of Tk 13,800 crore.
The agricultural loans disbursed by the banks in the same period of the previous financial year totalled at Tk 7,990.22 crore, 63.33 per cent of the annual target of the agricultural credits Tk 12,617.40 crore.
BB data also showed that the agricultural credit disbursement from July to February of the FY2011-12 also declined by 3.77 per cent from that of the same period of the previous financial year.
A BB official told New Age that banks usually disbursed large amount of agricultural loans during boro season.
