Regulatory Alerts2024-06-27
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ACD Circular Letter No. 02: Refinance scheme of 5000 Crore Taka for agriculture sector to ensure food security of the country
The circular extends the deadline for the refinance scheme of 5,000 crore Taka for the agriculture sector until December 31, 2024. It expands eligibility to include farmers producing vegetables, fruits, and spices under the 'Kanda Por' category, as well as those in the poultry/livestock/fisheries sector. Additionally, it increases the cumulative repayment rate (combined with principal) required for refinancing from 7% to 10%. This amendment is issued under Section 45 of the Bank Company Act, 1991.
Bangladesh Bank (Head Office) Central Department Motijheel, Dhaka-1000 Bangladesh.
13 Agrahayan 1431 ACD Circular Letter No.-02 Date: ------------------ 27 June 2024
To: Chief Executive/General Manager All Scheduled Banks.
Subject: Extension of Deadline and Amendment of Guidelines for the Refinance Scheme of 5,000 (Five Thousand) Crore Taka Formulated for Agriculture Sector to Ensure Food Security of the Country.
In view of the previous ACD Circular Letter No.-07, dated November 17, 2022, ACD Circular Letter No.-02, dated August 21, 2023, and ACD Circular Letter No.-03, dated November 21, 2023, the deadline for the refinance scheme of 5,000 Crore Taka formulated for the agriculture sector to ensure food security has been extended until December 31, 2024.
Furthermore, the scope of the scheme has been expanded to include farmers producing vegetables, fruits, and spices under the "Kanda Por" category and the "Poultry/Livestock/Fisheries" sector. In this regard, the cumulative repayment rate (combined with principal) required for refinancing under the scheme has been increased from 07 percent to 10 percent.
This amendment is issued under Section 45 of the Bank Company Act, 1991.
Sincerely,
(Khondkar Foyezul Islam) Deputy Governor (Operations)
Phone: 9530138
Enclosure: 1 (One) Page.
Annexure
Cumulative Repayment Rate (Principal + Interest)
For the Refinance Scheme Formulated for the Agriculture Sector to Ensure Food Security of the Country
Bank Name: Rate of Repayment: -- / -- / ---- Date up to
(In Taka)
| Sr. No. | Name | Upazila Name | District Name | Division Name | Approved Loan Amount | Disbursed Loan Amount | Total Loan Amount | Paddy | Vegetables | Dairy | Cattle | Poultry/Livestock/Fisheries | Sheep/Goat | Pigs & Chickens | Fish | Cumulative Repayment Rate (%) | Number of Farmers Benefiting | Number of Farmers Benefiting | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | | | | | | | | | | | | | | | | | | |