Regulatory Alerts2011-09-22
Added · Updated
ACD Circular Letter No. 03: Inclusion of Fish Cultivation in Cage in Agricultural/Rural Credit Policy and Programme for FY 2011-2012
The document instructs scheduled banks operating in Bangladesh to include "fish cultivation in cage" as a sub-sector under the fisheries resource category within the Agricultural/Rural Credit Policy and Programme for the fiscal year 2011-2012. Banks are authorized to independently determine loan amounts, disbursement periods, tenures, repayment schedules, and collateral requirements for local fish farmers and experts in consultation with relevant authorities. This directive references previous guidance from ACD Circular No. 03 dated July 28, 2011, to formalize the inclusion of this specific aquaculture activity in the credit policy.