Regulatory Alerts2014-09-11
Added · Updated
ACFID Circular No. 02: Agriculture loan facility for the flood affected farmers
The document mandates scheduled banks in Bangladesh to strengthen the distribution of new agricultural loans and provide discounted interest rate loans for rabi crops and imported alternative crops (pulses, oilseeds, spices, and corn) to farmers affected by recent floods in 21 districts. Banks are required to closely monitor the process to ensure timely loan disbursement based on actual needs without harassment and must report progress to the Agriculture Loan and Financial Services Department by October 20, 2014. These instructions are to be implemented immediately.