ACD Circular Letter No. 04: Agricultural loan disbursement in newly included 111 enclaves in Bangladesh

50119

Bangladesh Bank
(Central Bank of Bangladesh)
Head Office
Motijheel, Dhaka-1000
Bangladesh

Agricultural Credit Department

18 Kartik, 1422
Date:
2 November, 2015

ACD Circular Letter No. 04

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

Dear Sir,

Regarding the disbursement of agricultural loans for the benefit of residents of 111 enclaves included in the territory of Bangladesh under the Bangladesh-India Land Boundary Agreement.

Reference is invited to ACD Circular Letter No. 05, dated 02 August, 2015, issued by this department on the subject cited above.

Recently, regarding the provision of agricultural loans against agricultural land for the benefit of residents of the 111 newly included enclaves in Bangladesh, until the issue of land ownership is resolved, agricultural loans may be disbursed in accordance with the Agricultural and Rural Credit Policy and Procedure, against a certificate from the Upazila Executive Officer/Sub-Registrar regarding land ownership, along with a photograph of the land owner.

Furthermore, if land ownership cannot be established, special group agricultural loans (against crop hypothecation) may be disbursed to two or more farmers on a group basis for agricultural work, after verifying citizenship certificates.

Other instructions previously issued in ACD Circular Letter No. 05 regarding this matter will remain unchanged.

This directive will take effect immediately.

Yours faithfully,

(Md. Abdul Hakim)
Deputy General Manager
Phone: 9530223

Phone: 88-02-9530010-75, 9530700-59, Fax: 88-02-9566212, www.bb.org.bd