ACD Circular No. 4: Agriculture loan facility for the flood affected farmers

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

Agriculture Loan Department
Date: 8 Srabon, 1427
23 July, 2020

ACD Circular No-04

Managing Director / Chief Executive
All Scheduled Banks operating in Bangladesh

Dear Sir,

Regarding the provision of agricultural loan facilities to farmers affected by recent floods.

Recently, due to excessive rainfall and rising water levels in rivers in various districts of Bangladesh (Lalmonirhat, Kurigram, Gaibandha, Nilphamari, Rangpur, Sylhet, Sunamganj, Sirajganj, Bogura, Tangail, Jamalpur, Faridpur, Shariatpur, Madaripur, Manikganj, Munshiganj, Feni, Netrokona, Dhaka, Nawgaon), sudden floods have been created, resulting in damage to agricultural crops. Consequently, farmers in these areas have been widely affected.

In this situation, you are hereby instructed to urgently implement the following steps to cope with the sudden flood situation in the aforementioned districts:

1) To continue agricultural production activities to help affected farmers recover from losses, distribute new loans for crops, fisheries, and livestock sectors based on actual demand and reality;
2) Suspend the recovery of agricultural loans from affected farmers until the situation improves, and provide loan rescheduling facilities by relaxing down payment conditions;
3) Take necessary measures to prevent the aging of unpaid loans based on banker-customer relations without filing new certificate cases, and temporarily suspend filed certificate cases for resolution through Solmanar;
4) Closely monitor that farmers affected by floods can avail loan facilities in a timely manner according to their actual needs and do not face any harassment in getting loans;
5) Furthermore, take necessary measures to provide loans for activities such as rearing ducks, chickens, and cattle in the courtyards of houses, producing and purchasing cattle feed, and generating other income sources for the rehabilitation of affected farmers;

You are hereby instructed to inform this department regarding the progress of the actions taken in this matter through the attached form by 31/10/2020.

This directive will come into force immediately.

Yours faithfully,
(Signature)
(Mosammat Setara Khatun)
Deputy General Manager (In-charge)
Phone: 9530223

Phone: 88-02-9550448, 9554896, IP: 88-02-55665001-6, Fax: 88-02-9530479, www.bb.org.bd

*

Attached Form

Provision of agricultural loan facilities to farmers affected by recent floods in various districts of the country 2020

Name of the Bank:
Period:
(In Lakh Taka)

S.No	District Name	Sector Name	Number of New Loan Beneficiary Farmers	Amount of New Loan Distributed	Number of Rescheduled Loans	Amount of Rescheduled Loans	Number of Cases Resolved through Solmanar	Remarks