ACD Circular Letter No. 03: Inclusion of Fish Cultivation in Cage in Agricultural/Rural Credit Policy and Programme for FY 2011-2012

Bangladesh Bank
Head Office
P.O. Box 325
Dhaka
Bangladesh

Ref. No. ACD Circular Letter No. 03 dated 22/09/2011 AD Ref. No. ACD Circular Letter No. Agricultural Credit Department (Policy Branch)

To,
The Chief Executive/Managing Directors All Scheduled Banks operating in Bangladesh.

Dear Sir,

Subject: Inclusion of "Fish Cultivation in Cage" in the Agricultural/Rural Credit Policy and Programme for the Fiscal Year 2011-12.

Reference is drawn to paragraph 6.04 of ACD Circular No. 03 dated 28/07/2011 on the subject cited above.

Under the Agricultural/Rural Credit Policy and Programme for the Fiscal Year 2011-12, "fish cultivation in cage" is included in the programme as a sub-sector of the fisheries resource sector. In this regard, banks shall take their own decisions regarding the amount of loan, disbursement period, tenure, repayment schedule, and collateral after consulting with local fish farmers, fishery experts, and authorities.

Please acknowledge receipt.

Yours faithfully,

• Signed -
  (Abdus Sobhan Talukdar)
  Deputy General Manager
  Phone No. 7120388