Regulatory Alerts2022-06-27
Added
ACD Circular Letter No. 02: Agriculture loan facility for the flood affected farmers of North & North-eastern region of the country
The Agriculture Credit Department extends the directives of its June 5, 2022 Circular No. 03 to additional flood-affected districts in the North and North-eastern regions, including Sherpur, Jamalpur, Rangpur, Lalmonirhat, Kurigram, and others identified by the Ministry of Disaster Management and Relief. The allocation requirement under the special refinancing scheme for agriculture loans at a 4% interest rate is modified to mandate that banks distribute at least 40% of their unutilized balances to these specific flood-affected districts. These directives take immediate effect.
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