Regulatory Alerts2020-07-29
Added · Updated
ACD Circular Letter No. 01: Strengthening agricultural loan disbursement among the three hill tract people of country
The document instructs all scheduled banks operating in Bangladesh to strengthen agricultural loan disbursement to general farmers and jhum cultivators in the Chittagong Hill Tracts (Khagrachhari, Rangamati, and Bandarban districts). Banks are directed to facilitate bank account opening for jhum cultivators based on recommendations from local Union Parishad Chairmen and Sub-Assistant Agricultural Officers, and to provide agricultural loans at a 4% interest rate for ginger, turmeric, pepper, black pepper, and bay leaf cultivation. Additionally, banks must provide 4% interest loans to landowners with possession rights and sharecroppers under specified verification procedures, and issue special directives within their institutions to ensure proper implementation.