ACD Circular Letter No. 05: Ensuring presence of banks' suitable representative in the meeting of District Agricultural Credit Committee (DACC)

Bangladesh Bank
(Central Bank of Bangladesh)
Main Office, Agricultural Credit Department
Motijheel, Dhaka-1000
Bangladesh
08 Poush, 1422
Ref No.- ACD Circular Letter No.-05 Date: ------------------- 22 December, 2015

Chief Executive/Managing Director
All Scheduled Banks Operating in Bangladesh

Dear Sir,

Regarding ensuring the presence of suitable representatives of banks in the meeting of the District Agricultural Credit Committee.

With reference to the above subject, your attention is drawn to ACD Circular No.-12 dated 09/06/2010 of this department and Ref No.- BRPD(P-1)/760/Misc/2013-660-707 dated 13/02/2013 of the Banking Regulation and Policy Department.

These references contain instructions for your bank's Regional Office Head (and Branch Head, where applicable) to attend the meetings of the District Agricultural Credit Committee regularly. However, it has recently been observed that in many cases, some banks send lower-level employees to these meetings. In such instances, the sent representatives are unable to present appropriate information regarding agricultural credit at the meeting, making it impossible to take necessary decisions at the meeting and implement them. Consequently, the purpose of this meeting is largely frustrated.

In order to make the agricultural credit program more integrated and effective, you are hereby instructed again to take necessary measures to ensure the presence of the concerned Regional Head (or Branch Head of the district, where applicable) at the meetings of the District Agricultural Credit Committee.

Yours faithfully,

(Prabha Chandra Mallick)
General Manager
Phone: 9530138