Regulatory Alerts2020-07-23
Added · Updated
ACD Circular No. 4: Agriculture loan facility for the flood affected farmers
The Agriculture Credit Department of Bangladesh Bank directs all scheduled banks operating in Bangladesh to implement immediate measures to support farmers affected by recent floods in specified districts. Banks are instructed to disburse new loans for crops, fisheries, and livestock based on actual needs, suspend loan recovery from affected farmers until conditions improve, and facilitate loan rescheduling with relaxed down payment requirements. Additionally, banks must prevent the filing of new certificate cases against defaulters, suspend existing certificate cases for resolution through Solmanar, and provide loans for rehabilitation activities such as poultry and cattle rearing. Banks must report the progress of these actions via an attached form to the department by October 31, 2020.
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