Agricultural & Rural Credit Policy and Programme for the Fiscal Year 2014-2015

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Agricultural & Rural Credit Policy and Programme for the FY 2014-2015 Agricultural Credit & Financial Inclusion Department Bangladesh Bank Head Office Motijheel, Dhaka-1000 Bangladesh

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Bangladesh Bank
(Central Bank of Bangladesh)
Head Office
Motijheel, Dhaka-1000
Bangladesh www.bb.org.bd
06 Shrabon, 1421
ACFID Circular letter No.: 01 Date: -------------------- 21 July, 2014 Chief Executives All Scheduled Banks in Bangladesh and BRDB Dear Sir, Agricultural & Rural Credit Policy and Programme for the Fiscal Year 2014-2015 The Agriculture & Rural Credit Policy and Programme for the Fiscal Year 2014-2015 has been declared (attached herewith). All Scheduled banks are advised to instruct their concerned officials to follow and implement the Agricultural & Rural Credit Policy and Programme. Besides, Banks are instructed to inform Agricultural Credit and Financial Inclusion Department (ACFID) about the sector/sub-sector based, branch-wise and Micro Finance Institution (MFI) based (where applicable) comprehensive credit target under their own disbursement target programme within 20 August, 2014. This Policy and Programme will be effective from 1st July, 2014. Yours sincerely, Attachment: 65 Pages (Provash Chandra Mallick) General Manager Phone: 9530138 Agricultural Credit & Financial Inclusion Department

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INDEX
Page No
1.0 Introduction……………………………………………………………………... 1
2.0 Review of the Agricultural/Rural Credit Policy and Programme for the Fiscal
Year 2013-2014………………………………………………………………… 2
2.01. Target and Achievement of previous FY 2013-2014…………………….. 3
2.02. Implementation of Initiatives taken in FY 2013-14………………………. 3
2.03. Agricultural and Rural Development Allied Activities…………………... 4
2.04. Supportive Role in Implementing Monetary Policy……………………… 5
3.0 Target for Agricultural & Rural Credit Disbursement for the FY 2014-2015….. 5
4.0 Salient Features of the Agricultural & Rural Credit Policy and Programme for
the FY 2014-2015………………………………………………………………. 5
5.0 Methods of Agricultural & Rural Credit Disbursement………………………... 8
5.01. Identifying Real Farmers/Borrowers……………………………………... 8
5.02. Eligibility of the Borrowers………………………………………………. 9
5.03. Simplification of Application Form………………………………………. 9
5.04. Acceptance, Acknowledgement and Consideration of Application Form.. 9
5.05. Application Processing Fee/Charge………………………………………. 9
5.06. Maximum Limit for Agricultural Credit………………………………….. 10
5.07. CIB Reporting & CIB Inquiry……………………………………………. 10
5.08. Security/Collateral………………………………………………………... 10
5.09. Area Allocation for Disbursement of Agricultural Credit………………... 10
5.10. Pass Book for Agricultural Loan…………………………………………. 10
5.11. Credit Disbursement in Due Time as per Crop Production
Calendar……........................................................................................................ 10
5.12. Mixed Cropping/Inter-Cropping/Relay Cropping……………………….. 11
5.13. Crop Diversification……………………………………………………… 11
5.14. Uses of Area Approach Method………………………………………….. 11
5.15. Credit for Core Agricultural Sectors……………………………………… 11
5.16. Disbursement of Agricultural Credit in a Transparent Manner…………... 11
5.17. Credit disbursement through Tk. 10/- Farmer‟s Account as a part of
financial inclusion and encourage the farmers to keep these accounts operative………………………………………………………………….. 11
5.18. Revolving Crop Credit Limit System…………………………………….. 12
5.19. Credit to the Farmers/Entrepreneurs engaged in Contract Farming……… 12
5.19.1. Condition to be mentioned in the contract………………………... 13
5.19.2. Qualification of the entrepreneur………………………………..
5.19.3. Other Conditions………………...………………………………..
5.19.4. Reporting………………………...………………………………..
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5.20. Agricultural and Rural Credit Activities through Partnership with MFIs
approved by MRA………………………………………………………..
14

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5.21. Outsourcing in Disbursing and Recovering Agricultural and Rural Credit. 15
6.0 Agricultural and Rural Credit Programme……………………………………… 15
6.01. Sectors/Sub-sectors under the Programme……………………………….. 15
6.02. Credit Norms and Determination of Credit Limit………………………... 16
6.03. Determination of target for disbursement of Agricultural & Rural credit
and its implementation…………………………………………………… 16
6.03.1 Allocation of Fund for Crop Loan………………………………… 17
6.04. Credit for Fisheries sector Development…………………………………. 17
6.04.1. Credit for Fish Cultivation………………………………………... 17
6.04.2. Credit for Purchasing Fishing Equipments by the Fishermen in
Coastal Belts……………………………………………………………... 18
6.04.3. Credit for Fish Cultivation in Water Reservoir/Jalmohal/Haor…... 18
6.04.4. Credit for Fish Cultivation in Cage……………………………….. 18
6.04.5. Credit for Aquaculture in Coastal Areas………………………….. 18
6.05. Credit for Animal Resources Development………………………………. 19
6.05.1. Cattle……………………………………………………………… 19
6.05.2. Poultry Sector…………………………………………………….. 19
6.06. Credit for Agricultural and Irrigation Equipments……………………….. 20
6.06.1. Credit for Purchasing Harvester…………………………………... 20
6.06.2. Credit for Purchasing Solar Energy Driven Irrigation Pump……... 20
6.07. Green Financing in Agricultural Sector…………………………………... 20
6.07.1. Credit for Integrated Cow rearing (including beef fattening) and
Bio-gas Plant……………………………………………………………..
20
6.07.2. Solar Energy………………………………………………………. 21
6.07.3. Credit for Vermicompost Production…………………………….. 21
6.07.4. Special fund of ADB for environment friendly brick kiln………… 21
6.08. Credit to the real farmers for crop warehousing and marketing………….. 22
6.09 Finance in High Value Crops (HVCs)…………………………………….. 22
6.10. Credit for Tissue Culture…………………………………………………. 22
6.11. Credit for Jute Cultivation………………………………………………... 22
6.12. Credit for Oil Palm Cultivation…………………………………………... 23
6.13. Credit for Establishment of Nursery……………………………………… 23
6.14. Special/Priority Sectors…………………………………………………… 24
6.14.1. Credit Disbursement at Concessional Interest Rate for Specified
Crops…………………………………………………………………….. 24
6.14.2. Credit for Salt cultivation at concessional interest rate…………… 26
6.14.3. Credit for Betel Leaf Cultivation…………………………………. 26
6.14.4. Credit for Apiculture………………………………………………. 26
6.14.5. Credit for Less Developed and Neglected Areas on Priority Basis.. 27
6.14.6. Financing Marginal, Small and Sharecroppers……………………. 27
6.14.7. Credit for Successful Farmers……………………………………... 27
6.14.8. Credit for Mushroom Cultivation…………………………………. 28
6.14.9. Credit for Silk Industry……………………………………………. 28

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6.14.10. Credit for Cotton Cultivation…………………………………….. 28
6.14.11. Rural Finance.……………………………………………………. 28
6.14.12. Credit for Weaving Industry…………………………………….. 29
6.14.13. Credit for Women Associated with Income Generating
Agriculture and Agriculture Allied Activities…………………………… 29
6.14.14. Credit for Physically Handicapped People………………………. 29
7.0 Special Credit Programmes in Supporting of Agricultural and Rural
Development……………………………………………………………………. 29
7.01. Special Credit Programme of Bangladesh Bank for Sharecroppers……… 29
8.0 Special Credit Programmes in Supporting of Agricultural and Rural
Development financed by ADB………………………………………………… 30
8.01. North-West Crop Diversification Project (NCDP)……………………….. 30
8.02 Second Crop Diversification Project (SCDP)……………………………... 30
9.0 Interest Rate of Agricultural Loan……………………………………………… 31
10.0 Use of Information Technology in Agricultural Credit Management………….. 31
11.0 Monitoring of Agricultural and Rural Credit…………………………………… 31
11.01. Monitoring at Bank Level……………………………………………….. 31
11.02. Monitoring at Central Bank Level………………………………………. 32
11.03. Service from “Customers Interest Protection Center” in Bangladesh
Bank……………………………………………………………………... 33
11.04. Monitoring by District Agricultural Credit Committee…………………. 33
12.0 Agricultural and Rural Credit Recovery………………………………………... 35
12.01. Importance of Agriculture and Rural Credit Recovery…………………. 35
12.02. Awareness related to Agricultural and Rural Credit Recovery…………. 35
12.03. Special Initiatives for Agricultural and Rural Credit Recovery………… 35
13.0 Availability of Agricultural and Rural Credit Related Information……………. 35
14.0 Addressing the Adverse Effects of Climate Change…………………………… 35
15.0 Awareness and Training………………………………………………………... 38
16.0 Submission of Statements………………………………………………………. 38
17.0 Incentives in case of success in Agricultural and Rural Credit Programme……. 38
18.0 Banks‟ own Agricultural and Rural Credit Policy and Programme……………. 38
19.0 Agriculture Friendly other Special Programmes Directed by Bangladesh Bank. 38
19.1. Special Credit Programmes in Developing Agro-processing Industry…… 38
19.2. Equity and Entrepreneurship Fund (EEF) ………………………………..
19.3. Refinance Scheme of 200 Crore Taka From Bangladesh Bank‟s Own
Source for Purchasing Jute with a view to give assistance to Jute Sector|…..
19.4. Refinance Scheme for Tk 10/- account holding small/marginal/landless
farmers/natural calamity affected low earning people and marginal/small businessmen…………………………………………………………………... 39 40 40 Annexure-„A‟ to Annexure-„I‟ 41-65

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Agricultural & Rural Credit Policy and Programme for the Fiscal Year 2014-2015
1.0. Introduction:
Agriculture is an important sector of the economy of Bangladesh. The contribution of Agricultural sector to the overall GDP of the country is almost 19%. Food security for the huge population of Bangladesh is directly related to the development of farmers and agricultural sector. So the government of Bangladesh has been giving priority to agricultural development with a view to ensure food security and nutrition, poverty eradication and employment generation. It has been possible to remain an average GDP growth of 6.3 in last five fiscal years for agriculture friendly programmes of the government and inclusive growth strategy of Bangladesh Bank. Agriculture has also an important role in increasing the domestic demand. For this reason Bangladesh could face the world recession comparatively in a better manner than the other countries. At present, almost 70% of total populations of Bangladesh live in the rural areas. They are mainly dependent on agricultural and rural income generating activities for their livelihood. So, through development of agricultural sector, it is possible to create employment opportunity, ensure food & nutrition security for such a huge population and by this way we could make our national economy more sustainable and stronger. Moreover, agricultural and rural credit is an important instrument for agricultural and rural development. Besides, agricultural credit has been playing an important role to keep the food-price inflation in a tolerable level as well as implementing the monetary policy of Bangladesh Bank. GDP growth rate of 7.3% has been set up for the FY 2014-15 in the national budget. In order to achieve this target as well as to fulfill the Millennium Developmental Goal (MDG), it is important to increase the domestic food grain production. National economy becomes strong and healthy as the agricultural production becomes well. On the other hand poor agricultural production results in poverty and hunger. It has already been proved that, international market is not always a reliable source to depend on during the food and food￾grain crisis in domestic market. For this reason, enhancement of domestic agricultural production is very important. Achieving expected food/agricultural production by utilizing the limited land efficiently is one of the prime-movers for the economic stability and development of Bangladesh. In parallel, ensuring timely supply of agricultural input such as proper seed, fertilizer, pesticides and irrigation is the precondition of gaining expected production. But most of the farmers do not have adequate ability to invest in agriculture. Considering the matter, it is essential to extend agricultural credit timely to the small, marginal farmers and sharecroppers, so that they can procure the agricultural inputs properly. In last few years, private and foreign banks have come forward to disburse agricultural and rural credit in parallel with the state owned commercial and specialized banks. Private
and foreign banks which have limited branch network coverage in rural areas, may distribute agricultural and rural credit through a partnership with Micro-credit Finance Institute (MFIs). Natural calamities such as global warming, irregular rainfall, increase of salinity etc. created from the adverse effect of climate changes have been making our agriculture more challenging day by day. To cope with the challenges it is necessary to invent new high yielding crop variety on which our future agricultural production and food security also

2 depending. Besides, lack of proper planning and mechanization in agriculture, use of fertilizer and pesticides in an unplanned manner etc. are the barrier towards the sustainable agricultural production. Excessive use of chemical fertilizer may help to increase the crop production temporarily but in the long run it is decreasing the fertility of the soil which is a threat to future agricultural production. To overcome the situation it is necessary to increase the use of environment friendly bio-fertilizer. As a whole, for the integrated development of the agriculture of Bangladesh, it is necessary to extension of shallow irrigation facility in different region, elimination of water logged condition, developed and distribution of HYV seed production, invention of new climate adaptable crop variety and technology and its extension. To provide food for the increasing population of the country, it is mandatory to formulate a concurrent policy and to take an integrated initiative by all concerned people for agriculture. In line with the agriculture-friendly policy of the government, the Agriculture & Rural Credit Policy and Programme for the Fiscal Year 2014-2015 has been formulated. In addition to adopt the main features of the last year‟s (FY 2013-2014) Agricultural Credit Policy and Programme, the new policy (FY 2014-2015) includes certain additional features. Some of these features are relating to increasing the scope of agricultural and rural credit, refinancing scheme facility for farmers holding Tk. 10/- account, extra incentive to the cultivation of export oriented crops, providing information for new crops and technologies as well as to preservation of different crops including potato, financing in vermi-compost, providing a wide list of environmentally sustainable crops to face the adverse effect of climate change etc. The main objective of the policy is to ensure the food security and nutrition for the people through establishment a profitable, environment-friendly and sustainable agricultural system by the invention and hand-over of new technologies, increase of input management capability and financing in agricultural activities. The policy includes directions for the banks to follow. It is expected that, this policy will help the farmers to achieve desired level of agricultural production and at the same time will increase the credit supply in favor of the farmers, alleviate poverty in rural areas and enhance the living standard of the rural people.
2.0. Review of the Agricultural/Rural Credit Policy and Programme for the Fiscal Year
2013-2014
The Agricultural/Rural Credit Policy and Programme for the FY 2013-2014 was declared with disbursement target of Tk.14,595 crore with a view to ensuring food security and alleviating rural poverty through escalating the scope of agricultural credit, financial inclusion, expanding banking services to rural areas using information technology and increased fund flow in rural areas. Under this policy, adequate credit has also been allocated for two other main sub-sectors of Agriculture- Fishery and Livestock alongside the crop sub￾sector including income generating and poverty alleviation activities in rural areas, agriculture allied sectors.

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2.01. Target and Achievement of previous FY 2013-2014
During the FY 2013-2014, 04 (four) State-owned Commercial Banks, 03 (three) Specialized Banks, 38 (thirty eight) Private Commercial Banks, 09 (nine) Foreign Banks have disbursed a total amount of agricultural/rural credit of Tk. 16,036.81 crore or 109.88% of the total target. The amount disbursed is higher by Tk. 1,369.32 crore or 9.34% compared to that of FY 2012-
2013. Besides, BRDB has disbursed Tk. 644.96 crore as agricultural/rural credit during FY
2013-2014. It is to be noted that, some of the private banks have already built up their capacity through establishing separate Agriculture/Rural Credit Division/Department and deployed skilled manpower.
2.02. Implementation of Initiatives taken in FY 2013-2014
 During FY 2013-2014, a total of 32,85,936 farmers have received Agriculture/Rural Credit, out of which 5,89,942 are women who received almost Tk. 1,612.21 crore.  With a view to disbursing loans in a transparent way, various banks arranged to disburse loan in open gathering at union level in presence of local public representatives, agricultural officers, teachers and other respectable persons. During FY 2013-2014, around Tk. 759.27 crore agricultural credits was disbursed among 2.34 lakh farmers through 15,862 open credit disbursement programmes arranged by different banks.  During FY 2013-2014, around 24.85 lakh small and marginal farmers received Tk. 10,648.88 crore agricultural credits from different banks.  During FY 2013-2014, different banks distributed about Tk. 48.36 crore agricultural/rural credits among 23,976 farmers living in the less developed area of haor, char, etc.  During FY 2013-14, 619 successful farmers received Tk.9.10 crore agricultural credits from different banks.  Around 97 lakh accounts of farmers have been opened by the State-owned Commercial Banks with an initial deposit of Tk. 10/- only. Apart from disbursing government subsidy through these accounts, banks are advised to use this accounts in disbursing agricultural credit, obtaining saving and withdrawal services, remittance services, etc. Bangladesh Bank is monitoring the use of these accounts regularly.  Farmers became interested gradually in cultivating import substitute crops (such as pulses, oilseed, spices and maze) due to the massive promotional activities regarding agricultural credit disbursement (at a concessional 4% interest rate for the aforesaid crops) programme done by Bangladesh Bank. During FY 2013-14 an amount of Tk.80.66 crore has been disbursed in this sector. As a result, production of these crops has enhanced locally and the price of those crops in domestic markets is also responding accordingly. It may be noted that, the total amount disbursed in this sector during FY 2012-13 was Tk. 74.90 crore.  During FY 2013-14, almost Tk. 77.12crore was disbursed at 5% interest rate only among 18,097 tribal farmers in the 3 (three) Hill Tracts Districts of Chittagong.

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 During FY 2013-14 an amount of Tk. 1.79 crore, Tk. 21.28 crore and Tk. 3.22 crore has been disbursed for solar energy driven irrigation pump, integrated cow rearing & bio￾gas plant and solar home system respectively.  A Customers‟ Interests Protection Center (CIPC) has been established in Bangladesh Bank to address customer complaints about harassment/problems faced in receiving Agricultural and other credit from the banking sector. The hot line number for the center is 16236. Any complaints received by the center regarding Agricultural and Rural credit have been addressed promptly so far and will be addressed promptly in future.  Apart from preserving the mobile phone numbers of agricultural credit borrowers in the bank branches, monitoring activities related to the disbursement of agricultural and rural credit have been strengthen by both the concerned banks and Bangladesh bank.
2.03. Agricultural and Rural Development Allied Activities
 During 2013-2014, Tk. 450 crore agricultural credit has been disbursed under the special refinance programme of Bangladesh Bank in 250 upazillas of 48 districts through BRAC to about 2 lakh sharecroppers those who were outside the orbit of bank credit facilities.  North-west Crops Diversification Project (NCDP) undertaken to alleviate poverty by producing high value crops instead of traditional farming from the north-western part of Bangladesh ended in 30 June 2009. As a consequence of the success achieved through this project, a revolving fund of Tk. 174 crore has been arranged as per the condition of the contract under the management and supervision of Bangladesh Bank. Under this scheme, Rajshahi Krishi Unnayan Bank is distributing Agricultural credit through wholesaling arrangement with 4 MFIs (BRAC, Proshika, RDRS and GKF) to 1.86 lakh farmers (60% of whom are women) with 02. To 1.2 hector of land from 16 districts and 61 upazilas of Rajshahi and Rangpur division.  Similar to the NCDP, agricultural credit has been disbursed to capable farmers by Eastern Bank ltd. and BASIC Bank ltd. through wholesaling arrangement with BRAC during last Fiscal Year (2012-2013) under the Second Crop Diversification Project (SCDP). The credit component allocated to this project is Tk. 203 crore which is equivalent to 26 million US dollar. Bangladesh Bank has distributed 143 (One Hundred and Forty Three) Crore taka to the two participating Banks.  In order to overcome the escalating energy crisis and environmental pollution related problem Bangladesh Bank has organized a revolving fund of Tk. 200 crore for refinancing with simple conditions in sectors like Solar energy, Bio-gas, and Waste Treatment Plant. During FY 2013-14, Tk. 3.22 crore and Tk. 1.79 crore has been refinanced in establishing solar home system in 1104 homes and establishing 8 Solar Energy driven irrigation pumps respectively. As a result, 662 bigha lands will be brought under irrigation and number of beneficiary farmers will be 80. Besides, an amount of Tk. 21.28 crore has also been refinanced in establishing 758 integrated cow

5 rearing and bio-gas plant (4 cows and 1 bio-gas plant model). A refinance scheme facility of Tk. 150.35 crore had been disbursed to renewable energy sector in during FY 2013-14.
2.04. Supportive Role in Implementing Monetary Policy
Despite the prolongation of global recession, it became possible to achieve an average GDP growth rate of 6% during the last five years from 2009-10 to 2013-14 mainly due to the fiscal policy and development initiatives taken by the government and the measured and sensible monetary policy taken by Bangladesh Bank. Due to the proficient implementation of the monetary policy by Bangladesh Bank, the inflation rate has dropped to a tolerable one digit in last FY 2013-14. It may be noted that, food price inflation was showing declining trend at the end of the financial year. Food production helped very much in this success. Though the amount cultivable land has been decreasing due to pressure by increasing population, the sequel increase in agricultural production remains unchanged. Rice production become three times higher than that of post liberation period, eventually Bangladesh did not require importing any rice during the last three years. Moreover, the country now enjoys a food grain reserve of 10 lakh ton after meeting its domestic demands. Agricultural production has also shown a positive impact on the non-agricultural sector along with the crop sector. Due to the increase in all type of economic activities in rural areas, the domestic demand of the country has risen and as a result the domestic market has been expanded.
3.0. Target for Agricultural & Rural Credit Disbursement for the FY 2014-15
A target of Tk. 15,550 (Fifteen Thousands Five Hundred and Fifty) Crore has been set up for this fiscal year considering the increasing demand of the agricultural and rural credit. This target is proposed considering the target of state owned commercial and specialized banks set by themselves and at 2 % amount of the total loans and advance of the private and foreign banks again 5 % amount of the total loans and advance of newly started 9 private banks. This new target is 6.54% higher than the target set during FY 2013-14. In addition to that, Bangladesh Rural Development Board (BRDB) will disburse Taka 674.10 crore from their own funding as agricultural and rural credit.
4.0. Salient Features of the Agricultural & Rural Credit Policy and Programme for the
FY 2014-2015
 Despite of having the provision to disburse 2.5% of the net loans and advances of Private and Foreign Commercial Banks, the target amount is determined as 2% (under special consideration of their capacity and shortage of rural branches as previous FY) of their net loans and advances as on 31st March 2014. This is 5 % amount of the total loans and advance for 9 new private banks. This agricultural and rural credit disbursement target must have to attain. After setting such lower target in this way, banks those will fail to achieve their credit disbursement target, must have to be deposited the unachieved portion of the target to Bangladesh Bank for one year. However, the bank will receive interest on the bank rate for such deposit.

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 According to the Agricultural/Rural Credit Policy and Programme, priority has to be given to the 3 core sectors viz. Crop, Fishery and Livestock over other sectors.  The credit application form has to be simplified for the potentially capable borrowers (farmers).  The loan applications of the farmers have to be acknowledged. The loan applications which cannot be considered shall have to inform the farmers via a letter mentioning the cause of rejection. Also, it should be recorded in a separate register.  In order to avoid the delay in filling up the application, all necessary information should be delivered to the client during the time of receiving the application. Any additional information needed should be informed to the customer in one sitting.  The loan applications for cultivation of crops shall be processed within earliest time. The maximum time limit for such processing will be 10 working days.  In order to encourage normal banking transaction (like credit disbursement, savings, remittance etc.) through farmer's account (taka 10/- account) in different banks as a part of financial inclusion, the deduction of excise duty up to taka 1 lac of debit/credit balance of these accounts has been exempted; A circular letter, dated 6/11/2012 concerning to mobilize the usage of these farmer‟s account has been issued. BB will continue to monitor (offsite) on the utilization progress of these accounts quarterly basis;  In order to disburse agricultural and rural credit to the farmers on a timely manner, CIB reporting and CIB inquiry will not be needed for short term agricultural credit up to Tk.
1.5 lakh.
 Credit shall be disbursed following area approach method considering the comparative advantages of producing certain crops in certain regions.  The main objective of this policy is to ensure timely availability of necessary amount of agricultural credit for the small and marginal farmers including share-croppers. Comparatively less developed and neglected areas (i.e. char, haor, coastal belts etc.) shall be given priority for disbursing agricultural credit.  Emphasis shall be given on disbursing agricultural loans in a transparent way, to do so banks may arrange to disburse loan in open gathering at union level in presence of local public representatives, agricultural officers, teachers and other respectable persons. If needed, bank officer may publicize agri. credit related information and also disburse credit in the days of local „haat‟.  Banks shall have to organize an effective monitoring system to ensure timely and hassle free disbursement of necessary credit to real farmers and 100% achievement of the target of agriculture credit.  Agricultural credit has to be provided to the real farmers (small, marginal and sharecropper) individually or in a group following simple process.  To ensure fair price of agricultural products, credit shall be made available to real farmers for crop storage and marketing activity against the crops pledged/stored in the warehouse.

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 Successful farmers shall be provided with necessary credit so that other farmers may get encouraged with their success.  To ensure balanced participation of all the banks including private and foreign commercial banks in disbursing credit towards the production of pulse, oilseed, spices and maize, the interest rate (concessional) at the farmer level has been increased to 4% from FY 2011-12. This credit facility shall be disbursed at a concessional rate (4%) to reduce the dependency on huge import of said items. The payment process of interest subsidy has been simplified with a view to settle the bank's claim promptly;  Any farmer, if not defaulter in any case, will be eligible for the credit of aforesaid concessional 4% interest rate;  Necessary credit should be given to agriculture allied sectors such as irrigation equipments and other equipments.  Credit should be disbursed for generating power through establishing bio-gas plant (from poultry/dairy farm).  Credit should be disbursed for establishing solar home system and solar energy driven irrigation pump.  Alongside the credit to agricultural and its allied sectors, credit shall be provided individually or group basis for different self-employment/income generating activities in order to stimulate the rural economy.  Due to less number of branches, foreign and many private commercial banks are disbursing agricultural credit through MFI partnership. Therefore, foreign and private commercial banks are instructed to supervise onsite on a quarterly basis 1-2% of the borrower to whom credits disbursed, analyzing these inspection reports, Bangladesh Bank will also carry out field inspection on a random sampling basis to ensure accuracy in those reports and also in agricultural and rural credit activities.  Women borrowers shall be given priority for disbursing agricultural and rural credit.  Achievement of the agricultural and rural credit target will be considered as the success of the bank management. Thus this achievement will be considered as a positive yardstick in the approval process of opening new branches, authorized foreign exchange branches and exchange houses in foreign countries. Moreover, the success in disbursing agricultural credit will considered in CAMELS rating of the bank along with other factors. Agricultural Financing Performance such as target achievement, loan disbursement in crop sector, credit at 4% concessional rate, disbursement through own branches and recovery rate will be considered as the indicators in rating point of Management Component of CAMELS rating. Also the well-performed banks in disbursing agricultural and rural credit will get preference in special liquidity support program.  The District Agricultural Credit Committee (DACC) headed by the Deputy Commissioner (DC) in every district has to be more active.  All foreign and private commercial banks have been instructed to participate their nominated personnel in the District Agricultural Credit
Committee meetings.

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 Banks have to follow the guidelines issued for implementing the agricultural and rural credit programme in partnership with MFIs licensed by Micro-credit Regulatory Authority (MRA).  Banks may implement Agriculture and Rural Credit Programme through outsourcing.  In order to show adequate attention on 100% disbursement and recovery of agricultural and rural credit, the use of information technology and mobile phone in agricultural credit system shall be encouraged.  High Value Crops shall be given priority in extending credit facility.  In case of contract farming, the farmers will be allowed agricultural credit against taking guarantee from the respective entrepreneur (the contractor). Besides, in order to ensure the timely supply of agricultural and rural credit equipment to the farmers, agricultural credit may be disbursed after approval from BB in favor of the agro-based industry at the farmer/entrepreneur level under contract farming arrangement.  In order to adapt to the climate change, the schedule of credit disbursement and recovery may be adjusted with the local needs. Side by side, credit should be facilitated for the entrepreneurship to cultivate salt tolerant crops in salty areas, water tolerant crops in water-logging and flood prone areas, draught tolerant crops in draught prone areas, which will help to adapt to the climate change.  Credit shall be made available on simple terms to the salt cultivators in the coastal belts of the country. Under the government interest subsidy benefit, the salt cultivating farmers will be provided credit at concessional 4% interest rate.  Banks themselves shall have to take necessary initiatives to create awareness and impart training on agricultural and rural credit policy and programme.  Banks may establish separate recovery cell for recovery of loans in order to avoid liquidity crisis and to ensure best use of the fund.  In disbursing agricultural and rural credit priority should be given to the farmers cultivating non-arable land.
5.0. Methods of Agricultural & Rural Credit Disbursement
5.01. Identifying Real Farmers/Borrowers
The real farmers/borrowers may be identified through the verification of their National ID Card and Agricultural Inputs Assistance Card. The farmers, who opened bank account at TK. 10 to avail of agricultural inputs assistance, may be identified just on the basis of the „pass book‟ of their bank account. The farmer who has National ID Card but has no Agricultural Inputs Assistance Card may be allowed loan accepting the certificate issued by the Union Parishad Chairman or by the Headmaster/Principal of local school/college or by the acceptable person to the bank.

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5.02. Eligibility of the Borrowers
Farmers directly involved in agriculture, shall be considered eligible for agricultural credit. People who are engaged in income generating activities in rural areas are also eligible for credit facility in the concerned sectors of agricultural and rural credit. But, generally any loan defaulter will not be eligible to get new loan.
5.03. Simplification of Application Form
Application Form for the agricultural credit should be simplified as far as possible to encourage the farmers in large numbers towards bank credit. The banks shall take initiatives to simplify the Application Form especially for crop loan keeping in view to the educational qualification of the farmers, necessary time to fill in the form, usefulness of the information sought in the form. In order to reduce delay in filling up Loan Application Form and other related jobs all necessary instructions shall be given to the applicant at the time of distribution of the Application Form. In respect of agricultural credit, customer service at maximum level is to be ensured. Again, all supplementary queries, if needed, shall be made in one instance. Banks should take necessary steps to make application Form for the agricultural credit more available for the farmers.
5.04. Acceptance, Acknowledgement and Consideration of Application Form
The concerned bank branches will sanction crops loan or other loans in one instance according to the annual requirements of the borrower in accordance with the credit norms. However, all necessary preparations for disbursement of loan shall be completed at least 15 (fifteen) days before the season starts for a particular crop. For this purpose, the concerned bank branches shall collect an annual production plan along with the loan application from each farmer. If necessary, farmers may be allowed to modify their production plan on reasonable grounds. Each application form received from the borrower will be acknowledged. The time gap between sanctioning and disbursement of loan should be rationalized. The complaints, if any, received from the applicants shall be addressed promptly. In that case, loan application for crop production should be processed within 10 working days. The rejected loan applications shall be recorded in a separate register and preserved for inspection by the inspection team of Bangladesh Bank and the auditors of the respective banks.
5.05. Application Processing Fee/Charge
Account can be opened by depositing Tk 10/- only against farmer‟s application. To operate this kind of account the conditions noted in article 5.17 should be followed. Any fee will not be charged for processing of loan application by Banks/MFIs disbursing credit partnership with Banks.

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5.06. Maximum Limit for Agricultural Credit
The maximum limit of crop loan shall be the amount stipulated in the credit norms for cultivation of 15 bighas (5 acres or 2 hectors) of land. But for cultivation of sugarcane and potato, the maximum limit shall be the amount stipulated in the credit norms for cultivation of 2.5 acres of land. Banks may, however, consider loan application for cultivation of larger size following this policy and programme of land under their own terms and conditions.
5.07. CIB Reporting & CIB Inquiry
CIB reporting and CIB inquiry does not required in case of short term agricultural credit of TK. 1.5 lakh only for crop cultivation. But respective banks must have to ensure about not to disburse any loan to any defaulter.
5.08. Security/Collateral
Normally credit for cultivation of crops up to 5 acres (2.5 acres in case of cultivation of sugarcane and potato) shall be provided only against hypothecation of crops without any collateral. However, the question of collateral security to provide credit for cultivation of crops exceeding 5 acres of land and for sugarcane/potato exceeding 2.5 acres of land may be considered under existing terms and conditions of the bank and based on banker-customer relationship. Personal/Group guarantee can be considered in providing credit to income generating activities under this agricultural and rural credit programme.
5.09. Area Allocation for Disbursement of Agricultural Credit
Under the „Lead Bank‟ system respective bank branches shall disburse their credit in crops and other agricultural sectors to the unions allotted to them. However, credit may be provided to the applicants of the adjacent union against submission of “no objection” certificate from the respective bank branches. For this purpose, nearby branches of the area may exchange the borrower list among themselves. As disbursement of agricultural credit is compulsory for all scheduled banks including private and foreign banks operating in Bangladesh at present, the private and foreign banks shall disburse agricultural and rural credit to the borrowers of a union allotted to a particular branch under „Lead Bank‟ system upon obtaining “no objection” certificate from the respective bank branch.
5.10. Pass Book for Agricultural Loan
Pass book is a mandatory requirement for disbursing credit under agricultural credit programmes. As such, all rules and regulations in this regard must be fully complied with. Credit shall be provided to new borrowers by issuing a passbook. It may be mentioned that bank statement can be accepted as alternative of pass book.
5.11. Credit Disbursement in Due Time as per Crop Production Calendar
In order to facilitate disbursement, monitoring and recovery of loan properly and timely by the bank branches, a crop calendar has been attached in annexure „F‟. However, banks may change schedule of disbursement and recovery considering the local factors. Disbursement of credit may be delayed up to a reasonable time to address the regional variation in standard

11 sowing/plantation time and delay in sowing/plantation due to natural calamity or in case of re-plantation.
5.12. Mixed cropping/Inter-cropping/Relay cropping
Agricultural credit facilities may be provided to the interested farmers for producing Inter￾cropping (jointly cultivatable crops) with main crops in the potential areas. For financing inter-cropping, the credit norms attached in annexure „G‟ shall be followed. However, for financing the crops not included in annexure „G‟ banks will take necessary steps in consultation with the local Agricultural Extension Officer.
5.13. Crop Diversification
In order to make the country self-sufficient in food production and to ensure balanced and nutritious food supply, it is necessary to increase the production of potato, pulse, oil seeds, maize etc. through the “crop diversification initiatives” to popularize the multipurpose ways of consuming these items. Banks/financial institutions will, therefore, give more emphasis on providing loan to these profitable crops along with their normal loan activities.
5.14. Uses of Area Approach Method
Agricultural credit shall be disbursed following area approach method emphasizing the comparative advantages of producing certain crops in certain regions. Adequate credit shall be disbursed for producing vegetables, onion, ginger, garlic, pulse, bau-kul, strawberry, palm, banana, orange, agor, betel leaf, pepper, potato etc. in the areas suitable for production of the same. If needed, adequate measures regarding this issue can be taken by collecting the list of concerned matter from Agricultural Extension Department. Besides, knowledge and experience acquired through living in the concerned area may be utilized in this regard.
5.15. Credit for Core Agricultural Sectors
The 3 (three) core sectors of agriculture viz. crop, fisheries, and livestock shall be given priority over other sectors.
5.16. Disbursement of Agricultural Credit in a Transparent Manner
In order to ensure that the real farmers especially the small farmers and sharecroppers get the agricultural credit, particularly in the crop loans, easily and timely in a transparent manner, banks shall disburse the loans as far as possible publicly at the union level in presence of local public representative, concerned agricultural officers, teachers and other locally renowned persons. If necessary, respective bank branch officers can propagate information regarding agricultural credit and also disburse credit in the day of local haat/mart.
5.17. Credit disbursement through Tk. 10/- Farmer‟s Account as a part of financial
inclusion and encourages the farmers to keep these accounts operative Following initiatives are taken to encourage banking activities like credit disbursement, receive and withdrawal of deposit, remittances and collection of subsidy through this account.

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 Agricultural credit will have to disburse through this farmer's account for ensuring transparency in the agricultural credit related activities.  Banks will consider 1-2% more interest than the normal savings rate to this accounts to increase transactions in these accounts.  The Head office of the concerned bank will set target to their branch manager for keeping operative of these accounts.  Banks may collect un-tapped rural savings by encouraging the farmers to deposit their money from crop selling, their saving amount in these account and make remittance through these accounts. In this way bank may keep this huge amount of accounts operative.  The bank branches may sanction loan up-to 90% of the deposit amount at lower interest rate.  These accounts are free from any kind of services charges and maintenance of minimum balance will not be mandatory for these accounts.  Deduction of excise duty/levy is exempted from these accounts for the balance up-to one lakh.  These accounts will never be marked as inoperative/dormant.  Cash withdrawal voucher instead of cheque book may provide to the farmers by taking into consideration the literacy of the farmers. But cheque book will have to provide in favor of the farmers who desire it.  Bangladesh Bank has created a Revolving Refinance Fund of 200.00 crore taka from its own source to disburse loan to the farmers in comparatively easy terms and conditions with a view to expedite the rural economic activities through activating the Tk 10/- Account. It is mentionable here that, as a part of financial inclusion the quarterly reports submission by banks regarding utilization of 10 Tk. farmers' accounts including depositing the Government subsidy, will be continued.
5.18. Revolving Crop Credit Limit System
In order to ensure continuous credit flow a 3 (three)-year revolving crop credit limit system has been introduced. Farmers engaged in continuous crop cultivation will get facilities under this scheme. Credit will be sanctioned and disbursed by renewing the limit subject to adjustment of previous crops loan in full and without requiring any further documentation. Documentation should be as simple as possible. Bank will delegate the power of loan sanctioning to the manager of the concerned branch. If changes in the production plan and higher amount of loan are required, the farmers may apply for enhancement of the limit. Banks will develop and put in place this scheme incorporating the provision for security, credit limit, rate of interest etc. in line with the Agriculture Credit Policy and Programme.
5.19. Credit to the Farmers/Entrepreneurs engaged in Contract Farming
The contract farming system (mutual contract between growers and enterprises of large agricultural products processing) may play an important role to reduce the marketing cost as

13 well as to ensure fair price for the product of the farmers. Due to establishment of agro￾processing industries, increase in export of agro-commodities and creation of additional demand for domestic consumption, the contract farming system is getting popularity day by day. Bank may provide credit to the farmer/entrepreneur engaged in contract farming in order to ensure timely supply of quality raw materials to the producers of juice, chips, chanachur, poultry feed, cattle feed, fish feed, etc.
5.19.1. Condition to be mentioned in the contract
A valid contract (accomplished in non-judicial stamp paper of Tk.300) between real farmer/farmers and entrepreneurs/buyers in single or group basis will have to be signed under contract farming arrangement. Following conditions must be mentioned in the contract:
 The contract must be accomplish before the cultivation of the crops. In case of group basis contract different contract should be signed for different crop cultivation. That means one contract will not be valid for a farmer cultivating more than one crop. Duration of the contract, description of the crops/products, quality of the crops/products, cultivation method, crops/products supply system, pricing system of the crops/products, procedure for payment, insurance system (subject to the condition of introduction of crop insurance) etc. must be mentioned in the contract.  All the assistance that will be given to the farmers should be mentioned clearly in the contract. The procedure of adjustment of the credit disbursed in favor of the farmers, amount of credit and, maximum interest rate of the credit must be mentioned in the contract.  Besides, in case of assistance for necessary inputs, (such as seed, fertilizer, pesticides etc.) name of inputs, amount/quantity, price and repayment system should be mentioned clearly.  If produced crops have/do not have the expected quality according to the contract then how the price of that crop will be determined should be mentioned clearly. If the farmer sells these crops to a third party then what will be the adjustment system of credit given to farmers should also be mentioned.  Besides credit and input, if other assistance such as training, facility of developed technology usage etc. are provided then is it free of cost or not (in this case price) must be mentioned in the contract.  If crops become damaged due to natural disaster, the remedial measure or compensation system in favor of the farmers must be mentioned in the contract.
5.19.2. Qualification of the entrepreneur or buyer
 Must be a company registered under registrar of joint stock companies and firms;  Must have experience in preservation, marketing and processing of agricultural commodities;  Must have experience to work with the farmers in the field level.

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5.19.3. Other Conditions
 It is mentionable here that, a copy of the established contract between the farmer/farmers and entrepreneur engaged in contract farming must be submitted to the Agricultural Credit & Financial inclusion Department (ACFID) in order to sanction loan in favor of the entrepreneur. Banks have to take prior permission from Bangladesh Bank for sanctioning each loan provided to the entrepreneur.  The list of farmers will be submitted to ACFID if a group basis contract with them is done under Contract Farming. The list must include farmers name, address and mobile phone numbers.  Under contract farming the actual rate of interest for loan provided in favor of the farmer will be maximum of 13% and will have to calculate on reducing balance method.  Besides, information and account statement of the farmers engaged in contract farming must be preserved by the enterprises and will have to supply to the concerned bank on demand.  Under contract farming loan should be disbursed according to crops credit norms mentioned in the Agricultural and Rural Credit Policy. In this case, maximum credit limit per acre should be followed.  Under contract farming loan should be disbursed in crop production, seed production, fish cultivation and dairy among the sectors/sub-sectors mentioned in the Agricultural and Rural Credit Policy. In this regard it is mentionable that, if needed Bangladesh Bank will do spot-inspection to examine the proper use of loan under contract farming system. Besides, banks will provide report to Bangladesh Bank after spot-inspection.
5.19.4. Reporting
Bank should submit detailed statement to the Agricultural Credit and Financial Inclusion Department according to the format supplied earlier in a quarterly interval regarding disbursed loan under Contract Farming.
5.20. Agricultural and Rural Credit Activities through Partnership with MFIs approved
by MRA
All scheduled banks including the private and foreign banks operating in Bangladesh have been compulsorily brought under the Agricultural Credit Programme since the FY 2008-
2009. Private & foreign Banks, having inadequate branches in rural areas, may conduct the
agri-credit operations in partnership with the Micro Finance Institutions (MFIs) approved by Micro Credit Regulatory Authority (MRA) under the following terms and conditions:
a) The Banks disbursing agri-credit through partnership with MFIs partially or fully shall have to ensure the receipt of loan by borrower. This policy should be applied in both partially or fully partnership with MFIs. Concerned Banks and MFIs shall have well defined work plan and monitoring system in place. However, the concerned Bank shall

15 be responsible for submitting all required information and statements to Bangladesh Bank. b) The Banks shall consider to provide the credit line to the MFIs on the basis of a credit proposal submitted by them specifying the amount of loan, probable size of each loan at borrower level, number of borrowers, tenure, sector/sub-sector, applicable rate of interest at borrower level, project area (district/upazilla) etc. and shall be incorporated clearly in the corresponding sanction advice /loan agreement. c) While releasing the loan amount at the first installment by the banks, MFIs shall have to submit a detailed information of financing containing the number of borrowers, tenure, sector/sub-sector, applicable interest rate at borrower level, project zone (district/upazilla) etc. to the respective banks and at the time of releasing subsequent installments they will submit a certificate on each occasion mentioning that previous loan has been used in agricultural and rural activities properly. d) Under the Bank-MFI partnership, the fund released by the bank to the MFIs will be treated as agricultural and rural credit by Bangladesh Bank only after the disbursement of the fund to the farmers/borrowers level. e) The banks, disbursing the agri/rural credit through MFIs partially or fully, shall ensure disbursement of 60% of target amount as crop loan as per policy guidelines. For the purpose, the MFIs shall have to disburse crop loan along with the income generating and poverty alleviation activities. f) Banks should be aware of MFIs selection for the welfare of loan utilization as well as to prevent loan overlapping in case of loan disbursement under MFI linkage.
5.21. Outsourcing in Disbursing and Recovering Agricultural and Rural Credit
The activities of agricultural loan disbursement and recovery need close monitoring. It is frequently reported that, agricultural loan disbursement and recovery as well as verification of proper utilization of agricultural loan is hampering due to insufficient manpower. Banks will have to appoint sufficient manpower in order to solve the problem. If not possible to appoint regular employees, banks may appoint employees on daily basis (no work, no pay). Besides, Banks having limited manpower may engage a company/institution as an agent or intermediary to select borrowers, to prepare loan proposal and to run other activities related to evaluation, sanctioning, credit disbursement, monitoring, recovery, etc. for its rural credit operation.
6.0. Agricultural and Rural Credit Programme
The policies for disbursement of credit to different sectors including crop in rural areas under Agricultural and Rural Credit Programme are as follows:
6.01. Sectors/Sub-sectors under the Programme
The sectors/sub-sectors under the programme are:
 Crops (All crops mentioned in annexure "E" including Rice, Wheat, lentils, oil-seeds etc.)

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 Fisheries
 Livestock
 Agricultural machineries (Loan sanctioned to user level)  Irrigation equipments (Loan sanctioned to user level)  Seed production (Loan sanctioned to user level according to annexure "H" and “I” )  Warehousing & marketing (Only for warehousing and marketing of self cultivated crops)  Poverty reduction & Income generating activities (Loan distributed to the rural people for income generating activities)  Others (Loan distributed for cultivation of other crops not mentioned in the credit norms) The probable crops, fisheries, livestock, agricultural machineries etc. under short and medium term loan are included in Annexure "A". It is notable that, the sector of Agri.-based industries is not included in agriculture and rural credit.
6.02. Credit Norms and Determination of Credit Limit
For smooth implementation of the Agricultural & Rural Credit Policy and Programme, the norms to be followed by the banks/MFIs are as under:
i) Credit norms prepared on the basis of crop-wise cost of inputs and maximum credit limit per acre received from the Agricultural Extension Department under the Ministry of Agriculture (Annexure „E‟). ii) Annual production plan based on “classification/mixed cropping/inter-cropping/relay cropping” (Annexure „F‟). iii) “Crop calendar and loan repayment schedule” based on sowing and harvesting season (Annexure „G‟). It may be mentioned that, crop-wise loan limit stated in the credit norms may be increased/decreased up to 10% according to the actual requirements of the farmers. The rental amount of land described in the credit norms will not be applicable for those farmers who cultivate their own land.
6.03. Determination of target for disbursement of Agricultural & Rural credit and its
implementation:
The banks will fix sector wise agricultural & rural credit disbursement target with discussion to their branches. The Govt. owned commercial banks and specialized banks are playing the major role to disburse agricultural and rural credit by fixing a significant disbursement target every year. To increase the amount and area of agricultural & rural credit, the participation of private & foreign commercial banks will have to ensure vis-a-vis Govt. owned commercial banks and specialized banks. As a result of participation of private & foreign commercial banks in agriculture and rural sector the amount of credit disbursement in this sector has been increased which are contributing to achieve the desired level of GDP growth along with strengthening the food

17 security and domestic economy. The private & foreign commercial banks will have to follow the following rules to set agricultural and rural credit disbursement target and to achieve the same:
a) Banks will set up a rational target for disbursing agricultural and rural credit of each fiscal year considering the demand of agricultural and rural credit at field level, bank‟s ability and efficiency of disbursing loan in this sector, total amount of loan and advance of the bank and the target and achievement of the previous fiscal year of the bank in this sector. But this target will not be less than 2.5% of the total amount of loans and advance on 31 March of the previous fiscal year. b) Every bank will monitor and discuss their relative advancement in achieving target on quarterly basis. If the target of disbursement of any quarter is not achieved then that un-achieved target must be achieved in the next quarter. c) If any bank fails to achieve the target then that bank will have to deposit the fund with BB equal to the unachievable part of the target. But whatever may be the target, if the bank disburses agricultural and rural credit 2% or more of the total amount of loans and advance on 31 March of the preceding year, this corrective provision will not be applicable to that bank. d) Bangladesh Bank will provide interest at bank rate (now 5%) to that bank which had to deposit their fund in the above way. e) The statements submitted by the bank would be examined by Bangladesh Bank in case of taking a corrective provision in the above way. f) The above regulation may be loosened in case of having a different regulation of Bangladesh Bank about disbursement of loans and advance of the concern bank(s).
6.03.1 Allocation of Fund for Crop Loan
Banks shall disburse at least 60% of their total target under the agricultural and rural credit programme for the FY 2014-15 as crop loan.
6.04. Credit for Fisheries sector Development
6.04.1. Credit for Fish Cultivation
At present, fisheries are considered as a profitable sector. It is essential to expand cultivation of shrimp and fish for economic development of the country vis-à-vis satisfying the deficiency of animal protein. Fisheries loan may also be extended for production of fish lings, cultivation of endangered local varieties (Koi, Magur, Shing), Ruhi, Katla, Mrigel and Monosex Telapia. To provide institutional finance in the fisheries sector with a view to increasing export earnings, banks/financial institutions shall themselves evaluate the potentials of fish cultivation and develop credit norms specifying the amount of loan, tenure, disbursement period and repayment schedule etc. in the light of the Fisheries Policy of the government. In this regard banks/MFIs may consult with local officials of Fisheries Directorate, if needed. In case of fish cultivation in leased pond credit may be disbursed for fish cultivation taking lease deed/value into consideration instead of mortgaging the pond.

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6.04.2. Credit for Purchasing Fishing Equipments by the Fishermen in Coastal Belts
Banks/financial institutions shall take effective measures to provide short/long term finance to the fishermen residing at the coastal belts permanently at easier terms and conditions for purchasing/collecting fishing trawler, boat, net and other equipments. Besides, people engaged in small businesses, particularly those who are engaged in fishing, fish cultivation and production of dry fish may be provided with capital as per their requirement. If necessary, the coastal fishermen may be allowed credit facilities on group basis.
6.04.3. Credit for Fish Cultivation in Water Reservoir/Jalmohal/Haor
Banks/financial institutions may allow credit facilities to the fishermen of water reservoir/ jalmohal/haor areas on group basis for fish cultivation. In view of the importance given by the government on fisheries, banks shall take necessary steps to increase the supply of credit for fisheries and inform people through publicity about the available credit facility. Banks shall disburse fisheries loan developing suitable products for the fishermen so that they can become self sufficient through availing the loan.
6.04.4. Credit for Fish Cultivation in Cage
The fish cultivation in cage got popularity in recent time in our country due to technical excellencies. Fish cultivation in cage is the technology of cultivation of fish commercially in high dense in suitable cages of different sizes under a controlled environment in various types of water body. Recently, fish cultivation in cage in the river of Dakatia in Chandpur district following Thai technology has attracted people‟s attention. There is a huge potentiality of fish cultivation in cage in Kishoregonj, Netrokona, Shunamgonj and Cholonbil in Natore. Banks may extend credit facility in “fish cultivation in cage” program as a sub-sector of fish. Banks will take decision themselves about the amount, time, period, disbursement, repayment and collateral of the loan with the help of officers of fisheries department and the local farmers.
6.04.5. Credit for Aquaculture in Coastal Areas
The costal fish cultivation is still now limited to only shrimp cultivation. But it is possible to earn more foreign currency by exporting potential fisheries under aquaculture in coastal areas in Bangladesh. The potentiality of crab cultivation, crab fattening, cultivation of other white fish like “vetki” and “bata” can be employed in this situation. To do this the costal people need to get proper training and timely credit facility. The poor people of coastal region need proper training and working capital for this regard. Local banks will take decision themselves about the amount, time, period, disbursement, repayment and collateral of the loan with the help of officers of fisheries department and the local fish cultivators.

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6.05. Credit for Animal Resources Development
The animal resources play an important role in the national economy of Bangladesh. But at present, the supply of meat and milk is inadequate compared to the demand. In order to implement and achieve the objectives of the Animal Resources Policy of the Government for the development of animal resources, the banks/financial Institutions shall have to make necessary arrangement for financing the existing sector/sub-sectors of animal resources as under:
6.05.1. Cattle
a) Necessary arrangement shall be made to provide necessary credit facilities for purchasing bullocks for plough, establishing dairy and goat/sheep farms, beef fattening, etc. b) Rearing of buffalo along with the cows is also profitable. Buffalo is also a source of meat and milk like cows. Besides, buffalo has important role in plough and rural transport. Therefore, credit facilities may be extended for buffalo rearing for environmental and traditional reason in areas where it is profitable including the char areas. c) Bank may arrange to visit the dairy/cattle farm by its own trained officer or by a veterinary doctor. According to their report bank branch may advice to the customer to take necessary actions on urgent basis. Banks/financial institutions shall develop credit norms specifying the amount of loan, tenure and repayment schedule etc. themselves or in consultation with the officials of local Livestock Department for financing the above sector.
6.05.2. Poultry Sector
Poultry sector is playing a vital role to meet the shortage of protein of the country through supplying eggs and meat. Mean-while, the sector has established its strong position and it is also playing an important role in the national economy of Bangladesh by creation of employment through its forward and backward linkages. But still now, the supply of meat and egg is inadequate compared to the requirement of the country. In order to implement and achieve the objectives of the Animal Resource Policy of the Government through the development of poultry sector, banks/financial institutions shall have to make necessary arrangement for financing the existing sector/sub-sectors of animal resources as under:
a) Necessary arrangement may be made to provide credit facilities for establishing poultry farm and purchasing of poultry feed, medicine/vaccine etc. Banks may take initiative to disburse loan in poultry sector throughout the country without concentrating some specific region. b) Credit facilities may be extended for duck rearing in suitable areas including marshes and haors of Bangladesh where it is profitable at family level due to environmental and traditional reasons. c) Bio-gas and electricity could be produced from poultry dropping.

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Banks/financial institutions shall develop credit norms specifying the amount of loan, tenure and repayment schedule etc. themselves or in consultation with the officials of local Livestock Department for financing the above sector.
6.06. Credit for Agricultural and Irrigation Equipments
In various parts of the country, cultivation is hampering due to insufficiency of water and shortage of bullock for plough. In order to address the issue and ensure timely crop cultivation through reduction of dependency on natural sources of water and for mechanization of agriculture, banks/financial institutions shall extend credit facilities for procuring deep/shallow/hand tubewell, treadle pump etc. To increase crop production through scientific cultivation process, supply of necessary credit to farmer level for procuring of agricultural equipments such as, tractor, power tiller, BARI seeder (seedling machine), BARI weeder (Wedding machine), Automatic seedling nursery machine etc. will have to ensure. Besides, banks may finance the companies engaged in production of USG fertilizer producing machine to prevent wastage of fertilizer, reduction of production cost vis-a-vis increasing production and if necessary, banks may consult with the officials of the Agriculture Extension Department. It may be mentioned here that, among irrigation and agricultural machineries loan disbursed at user level, will be treated as agricultural loan only.
6.06.1. Credit for Purchasing Harvester
Sometimes the farmers suffer losses because of delay in harvesting due to natural calamity or any other reason. A harvester may be very helpful for the farmer to address the issue. Bangladesh Rice Research Institute has invented some machine such as power thresher, power winnower and dryer etc.). So it is necessary to disburse credit for harvester. Therefore, to protect the interest of the farmers, every bank shall take initiatives to disburse loan for purchasing harvester.
6.06.2. Credit for Purchasing Solar Energy Driven Irrigation Pump
Irrigation pumps are usually run by electricity. Diesel is used in areas where electricity is not available. It is, however, possible to irrigate using the solar power. Irrigation is usually necessary in the dry season, when the sun is very hot and the crop fields become dry. At that time solar pumps may be used for irrigation. During the rainy season or cloudy weather there is hardly any need of irrigation. The life span of a solar pump is about 20 years, it is therefore cost effective in real terms although the initial expenditure is a bit high. Banks may allow long term loans for purchasing solar energy driven pumps for irrigation.
6.07. Green Financing in Agricultural Sector:
6.07.1. Credit for Integrated Cow rearing (including beef fattening) and Bio-gas Plant
Small dairy farm of 4 (four) cows and one bio-digester is very effective in the context of the rural family environment of Bangladesh and may be considered as a commercially profitable

21 model. This may result in self-employment in rural areas side by side employment of many poor men and women. Almost 17 litres of milk (for rearing cow), 100 kg organic fertilizer and 100 cubic feet bio-gas may be produced from such a model farm every day. In order to make this model (cow rearing and beef fattening) popular, banks/financial institutions may disburse credit to this sector as per their own credit norms and analyzing the risk. Refinance scheme will be applicable against bank finance for establishment of bio-gas plant to produce and use bio-gas in both rural and urban areas. This facility will also be applicable for existing dairy farms/bio-gas plants.
6.07.2. Solar Energy
Refinance facility under the refinance scheme will be available for electricity production by setting up solar panel in rural/urban areas at single, apartment, business organization and cooperative levels. The following sub-sectors will be considered under this scheme:
a) Solar home system b) Solar mini grid c) Solar irrigation pumping system d) Solar photo-voltaic accumulation plant But only credit for solar home system and solar irrigation pumping system will be considered as the agricultural credit.
6.07.3. Credit for Vermicompost Production
The increasing population growth, environmental pollution, lack of proper planning and mechanization in agriculture, reckless use of chemical fertilizers and pesticides etc. have been making our agricultural sector very much vulnerable day by day. Though the use of chemical fertilizer increases the agricultural production temporarily but the fertility of the land decreases gradually. It may create a great danger for future days. To get rid of this danger our agriculturists and scientists have been giving importance in the more and more use of organic fertilizer. Vermicompost can be a very good, cheap and available alternative for the chemical fertilizer. Vermicompost is an organic fertilizer which can increase the agricultural production as well as it helps in retaining the fertility of the land. If an earthworm is cultured in a mixture of decomposable plants and cow dung it eats this mixture. After digestion it excrete casts- dark, odorless, nutrient and organically nitrogen rich mud granules which is known as “Vermicompost”. To make vermicompost production popularize, banks should finance in this sector according to Annexure-C. Refinance scheme facility will be applicable against banks finance to promote commercial vermicompost production.
6.07.4. Special fund of ADB for environment friendly brick kiln
A refinance scheme has been developed in Bangladesh Bank with financial assistance of ADB for establishment of environment friendly brick kiln through improving the efficiency of existing kiln of brickfield in Bangladesh by proper utilization of fuel and decreasing of carbon emission. ADB‟s financial assistance in this fund is 50 million dollar or equivalent Bangladeshi Taka. Improvement/conversion of fixed chimney kiln to improved zigzag kiln

22 and establishment of vertical shaft Brick kiln (VSBK), Hybrid Hoffman kiln (HHK) and Tunnel Kiln will be financed under this project. All information related to Green Finance under Agricultural & Rural Credit Policy and Programme should be sent regularly to the Agricultural Credit and Financial Inclusion Department. The Green Banking & CSR department of Bangladesh Bank is now operating these schemes related to green finance.
6.08. Credit to the real farmers for crop warehousing and marketing:
Sometimes farmers are deprived to get fair price of their products due to fall in market price during harvesting period. As a result, the intermediaries get benefitted from it. To avoid the situation, Banks will have to extend credit facilities to farmers' level (Generally for maximum 5 acres and 2.5 acres for potato) against warehousing of agricultural goods for ensuring fair price, so that the farmers can sell their product in their desired time. If unused/abandoned/renovated (if needed, renovated by DACC) Govt./Govt. organization owned warehouses are used in crop warehousing, credit may be provided in this „warehousing and marketing‟ sector against crops/agricultural products stored in that warehouse(s).
6.09. Finance in High Value Crops (HVCs)
Crops such as fruits, varieties of flowers, ornamental and herbal plants and trees, spices etc. are usually termed as High Value Crops (HVCs). According to the ADB‟s definition- HVCs, having better market prospects and are more profitable than the traditional food grains particularly „boro‟ paddy of winter season. Generally, HVCs includes different fruits, flowers, medicinal plants, ornamental plants, pulses, oil-seeds, spices etc. Banks shall make adequate allocation to finance HVCs and accordingly disburse the same. Various vegetables (corolla, brinjal, gourd, cabbage, carrot, cauliflower, borboti, bean, pea, ladies finger, potol, potato, pumpkin, tomato), fruits (banana, guava, boroi, litchis, mango, papaya, watermelon, Burmese grape „lotkon‟, Lemon, Hog-plum, Sapota, Malta, baukul, strawberry, orange) and spices (pepper, garlic, ginger, onion, turmeric), oil seeds (hybrid sunflower, peanut and oil plum) and polao (aromatic) rice, hybrid maize, „mug dal‟ etc. are considered as High Value Crops.
6.10. Credit for Tissue Culture
It is possible to produce quality seeds/seedlings of some fruit plants along with potato, strawberry and sugarcane in a lower cost in the country using tissue culture technology. Although the tissue culture technology is capital intensive, farmers may be benefited from its quality seeds/seedlings at fair price. Banks may finance the tissue culture sector under agriculture credit subject to credit risk analysis.
6.11. Credit for Jute Cultivation
Jute cultivation is the golden heritage of Bangladesh. Recently, genome sequencing of jute has been discovered; this discovery uncovered the quality of jute seed, production of fiber,

23 immunity and growth rate. It will play a revolutionary role on cultivation of jute. Consequently, the scientists are expecting to be able to invent new varieties of jute which will make possible to rotten in less quantity of water, to prevent diseases and weeds, to make salt resistant jute varieties, produce better quality fiber. Being the climate and environment of Bangladesh is friendly for jute cultivation Bangladeshi jute has a huge demand in international market. The possibilities of new hope and potentiality in jute cultivation should be taken into action successfully. Therefore, banks may, allow loans in jute cultivation sector at easier terms in jute cultivable areas in Bangladesh.
6.12. Credit for Oil Palm Cultivation
Oil palm has a huge potentiality to come at light as the liquid gold of Bangladesh. Oil palm cultivation can play a special role in mitigating the demand of imported edible oil and in saving the foreign currency reserve. 27 agro-ecological zones including hill tracts in Bangladesh are very suitable for oil palm cultivation. Though the cultivation of oil palm has been started in a limited range in some areas in Dhaka, Chittagong, Rajshahi and Sylhet division, but it is not going commercially yet. The matured fruits can be available after 3.5 to 4 years of planting. If cultivated commercially, fruits can be available for about 35 years. At present the palm oil is extracted manually in Bangladesh which is not commercially profitable. But automatic extracting using crusher machine is very profitable. If, the oil palm cultivation can be spreader throughout the country in a planned way and the produced oil palm seeds can be processed using modern technology then we can mitigate the demand of imported edible oil and we can save the foreign currency reserve. It also creates some employment opportunity also. Bank loan facilities are necessary for successful commercial oil palm cultivation. Farmers will be interested in oil palm cultivation commercially if they get credit facilities from banks. So banks can disburse medium/long term loan to the interested farmers according to the agricultural credit policy and norms.
6.13. Credit for Establishment of Nursery
To maintain ecological balance by controlling the desertification process in the country, the government's large scale Tree Plantation Programme and Rural & Social forestation Programme have created high demand for seedlings. Banks/financial institutions shall extend necessary credit facilities for establishment of nursery in the private sector on commercial basis to meet the high demand for seedlings. Credit may also be extended for cultivation of flowers, fruits and their seeds, ornamental trees, cactus, orchid, etc. on commercial basis. Banks/financial institutions shall develop credit norms specifying the amount of loan, tenure, and repayment schedule, etc. in consultation with the officials of Forest Department for financing in this sector.

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6.14. Special/Priority Sectors
6.14.1. Credit Disbursement at Concessional Interest Rate for Specified Crops
There is a large demand for pulses, oil seeds, spices and maize in the country. But the production of these crops is not sufficient. As a result, we have to spend huge amount of foreign currency for importing them. In order to encourage on production of such crops and disburse loan to this sector by the state owned commercial and specialized banks and also the private and foreign commercial banks the concessional interest rate of credit disbursed in the cultivation of pulses, oil seeds, spices and maize at farmers level has been set at 4% from 01 July, FY 2010-2011 under interest-loss subsidy facilities of the Government. Along with the state owned commercial and specialized banks, the private and foreign commercial banks may also disburse loan against their annual agricultural and rural credit target in pulse, oil seed, spices and maize cultivation under the government‟s facility of 6% interest subsidy. In that case, if bank incurred any loss after getting the 6% subsidy from the government as the interest loss then that amount of loss will be considered as the CSR activities of that bank. For implementation of agricultural and rural credit program under the government facility of 4% concessional interest rate for pulse, oil seed, spices and maize cultivation the following policies should be followed:
Loan Disbursement and Recovery

1. 4% concessional interest rate facility will be applicable for the following crops:
   a. Pulses: „Mug‟ bean, Lentil, Blackgram, Chickpea, „Aurohor‟, Grass pea, and Cow pea. b. Oil seed: Mustard, Groundnut, Sunflower, Sesame, Linseed and Soybean.
   c. Spices: Ginger, garlic, onion, pepper, turmeric, coriander and cumin.
   d. Maize.
2. Following rules should be followed in disbursing and recovering the above loan:
   a. Credit norms in agricultural and rural credit policy and program must be applicable in determining maximum and minimum credit limit on the basis of per acre production cost, loan disbursement season etc. b. Every bank should fix up a target of disbursement on the basis of actual demand at the beginning of the year and banks will monitor its branches to ensure the disbursement and recovery of loan.
   c. Other policies for agricultural credit announced by Bangladesh Bank such as:
   maximum limit per farmer, collateral, receiving of application form and its processing time, eligibility of borrower, use of passbook, loan disbursement, proper use of loan, monitoring and recovery etc. will also be applicable in case of these crops.

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Subsidy against loan disbursement at concessional rate:

1. Banks will apply to Bangladesh Bank to get 6% interest subsidy against their
   recovered/adjusted loan account at 4% concessional rate within 1 month of completion of that fiscal year. Banks will enclose a statement containing detail information such as: total number of borrower, date of loan sanction, date of loan disbursement, total amount of disbursed loan, total interest loss of bank etc. Bangladesh Bank will give the subsidy after verification within 1 month of getting the application from the bank.
2. Bangladesh Bank will check minimum 10% of total eligible claimed loan by onsite
   inspection on a random basis. The actual subsidy will be determined by deducting the percentage of ineligible loan disbursement from the total claimed subsidy. Bangladesh Bank will provide subsidy to the banks from its own fund. Later, Bangladesh Bank will send the statements of paid amount to the Ministry of Finance and government will reimburse the same amount to Bangladesh Bank.
3. The branches should file all the list of borrowers containing detail information such
   as: total number of borrower, name and address of borrowers, date of loan sanction, date of loan disbursement, date of adjustment, total amount of disbursed loan, total interest loss of bank etc. so that the branch can show it if needed by Bangladesh Bank before reimbursement of interest-loss subsidy. Besides, branches will send all the data as a statement to their Head Office.
4. Banks should take all necessary steps including fruitful monitoring so that the real
   farmer can utilize the loan for the specific crop.
5. The interest loss of disbursed loan will be determined by adding 6 months grace
   period with the loan period determined at the time of disbursement. If there remains any loan/part of loan un-recovered then the concessional interest rate will not be applicable in those loan/loans. Bank‟s normal interest rate will be applicable from the disbursement date in case of classified loan.
6. Monitoring will be strengthened to recover loan under this system.
7. Banks will deliver the list of borrower who took loan 4% concessional rate to the
   local Agricultural Extension Officer/ Sub-Assistant Agricultural Extension Officer. If any recommendation comes from Agricultural Extension Officer/ Sub-Assistant Agricultural Extension Officer about the misuse of any agricultural loan at 4% concessional rate, then bank‟s normal interest rate will be applicable instead of 4% concessional rate in that loan.
8. A farmer taking another loan but not classified yet can be given loan at 4%
   concessional rate for pulse, oilseed, spices and maize cultivation.
9. 4% interest rate facility at farmer‟s level should also be ensured in case of loan
   disbursement with MFIs linkage.

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6.14.2. Credit for Salt cultivation at concessional interest rate
There is a large demand of salt for household consumption and industrial use in Bangladesh. The coastal area is suitable for salt cultivation. A large number of small, marginal farmers and sharecroppers of the coastal area are involved in salt cultivation. But they become victims of frequent cyclone and tidal wave; as a result their financial condition remains weak. Therefore, it is necessary to provide them agricultural credit at easy terms and lower rate of interest for salt cultivation. The bank branches at coastal areas shall extend credit facilities to the farmers for cultivation of salt under area approach method. The genuine salt cultivators per person shall be allowed loan for cultivating salt from 0.5 bigas to 2.5 acres of land individually or on a group basis at a concessional interest rate of 4%. But there is a condition that the loan should be repaid within the last day of repayment
schedule.
Meanwhile a credit norm has been established and issued (ACD Circular no- 01/2011) about the maximum limit of loan per acre for salt cultivation taking into account the rent/lease of land, cost of polythene and embankment etc. However, the farmers cultivating salt in their own land shall not be entitled to rent/lease component. But concern banks may apply their own credit norms and policies regarding limit of loan per acre depending on the local conditions.
6.14.3. Credit for Betel Leaf Cultivation
Many people are engaged in betel leaf cultivation due to its profitability. Betel leaf production is helping in earning foreign remittance after fulfilling the national demand. Normally, farmers in our country cultivate betel leaf in „Baroj‟. The indigenous people of Sylhet area cultivate betel leaf through host tree method. Betel leaf is also cultivated in large scale in Barishal, Khulna, Rajshahi and Chittagong regions. The existing credit norms should be followed in disbursing loan for betel leaf cultivation. Credit should be provided for „baroj‟ farmers along with the farmers cultivating betel leaf through natural methods on individual/group basis.
6.14.4. Credit for Apiculture
Honey is a fabulous gift of nature. Honey is delicious and tasty. It has huge demand in the market. It also has demand due to its medicinal use. Bee cultivation in boxes alongside crop/fruit/flower cultivation is a profitable sector. Necessary credit facilities shall be allowed to areas known for apiculture/honey production following concern credit norms (Annexure-E, serial no-110). Credit facilities shall be extended to small cultivators of bee and producers of honey individually or on a group basis. In case of crediting to a single farmer personal guarantee from an acceptable third party is needed and in case of group based crediting group guarantee and as well as personal guarantee from a third party, when necessary, is required. Overall, bank may disburse loan on the basis of banker-customer relationship.

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6.14.5. Credit for Less Developed and Neglected Areas on Priority Basis
One of the main objectives of the Agricultural and Rural Credit Policy is to create self￾employment and reduce poverty through financing the income generating activities and poverty alleviating programme alongside providing credit to the small and marginal farmers including sharecroppers. In order to achieve this objective, priorities shall be given to less developed and neglected areas (e.g. char, haor, coastal areas etc.) for extending agricultural and rural credit. The interest rate may be charged a bit lower for the farmers of less developed and neglected areas.
6.14.6. Financing Marginal, Small and Sharecroppers
Landless farmers (owner of land less than 0.494 acres), small and marginal farmers (owner of land more than 0.494 acres but less than 2.47 acres) and the sharecroppers (the farmers who cultivate land of others and their ownership of land is maximum 1 acre) shall be given priority for disbursing credit. The sharecroppers directly involved in agricultural production will be eligible to have credit under this policy. In this case, the sharecropper should have the National ID Card. Farmer residing permanently in the areas under the financing bank branch may avail credit submitting a certificate given by the owner of the concerned land. The „Agricultural Inputs Assistance Card‟ issued by the Agriculture Extension Department will also be applicable in this regard. No separate document will be necessary to identify the farmers who have recently opened account with the initial deposit of Tk. 10/- or who have „Agricultural Inputs Assistance Card‟. If the certificate from the owner of land is not available banks may provide credit to the sharecroppers against a certificate given by the local responsible and respectable person. Certificate given by the Chairman of the respective Union Parishad or Headmaster/Principal of the local school/college or person acceptable to the bank for identifying the applicant may be accepted to identify the farmers who have National ID Card but do not have the „Agricultural Inputs Assistance Card‟. Having identified the real sharecroppers, credit shall be disbursed following crop credit norms. Credit amount will be determined including the rent of land if sharecroppers cultivate the land on rent basis. A Pass Book may be issued to the sharecropper under the usual policy of the financing Bank. The agricultural credit shall be disbursed individually or on a group basis in order to ensure bank credit facility to small, marginal farmers and sharecroppers. If a sharecropper cultivates lands of the same owner for three consecutive years, the „Revolving Crop Credit Limit‟ system will be applicable to him. The branch manager will ensure close monitoring so that no non-farmers can avail of loan in the disguise of sharecroppers.
6.14.7. Credit for Successful Farmers
Special initiatives shall be taken to extend necessary finance to the successful farmers. This initiative will have a demonstration effect on the other farmers, and they will be encouraged to invest in similar initiatives. The list of successful farmers collected through Agriculture

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Extension Department under the Ministry of Agriculture will be sent to various banks. However, it may so happen that names of many successful farmers may not be in the list and some farmers may have recently come out successful. Therefore, banks shall extend necessary credit facilities even to those successful farmers who are not included in the list.
6.14.8. Credit for Mushroom Cultivation
It is necessary to encourage small scale mushroom cultivation in view of demand, nutrition and its feasibility for cultivation in the environment of Bangladesh and to alleviate the unemployment of the country. Credit facilities from the banks are necessary to be successful in mushroom cultivation commercially. Priority shall be given to the entrepreneurs trained by the National Mushroom Development and Extension Centre or Agriculture Extension Department. Banks can facilitate credit to the farmers who are interested in mushroom cultivation according to the credit norms.
6.14.9. Credit for Silk Industry
In order to increase the production of silk cloth and to expand the cultivation of silk worm, banks/financial institutions will take necessary measures to disburse credit for silk worm production/ Mulberry(tunt) tree cultivation in Rajshahi and other regions where there is a prospect of its cultivation. The amount of credit, its term and repayment schedule may be determined by discussing with the silk cultivation extension authority. Besides, banks can disburse loan for commercial silk production according to the enclosed credit norms.
6.14.10. Credit for Cotton Cultivation
Cotton is a cash crop. It is the essential raw material for textile sector. A huge amount of foreign currency is to be spent for cotton import to meet the huge demand. Since almost all the amount of the total demand of raw cotton is imported from some limited countries, it became a great threat for our textile industry. In this situation to prevent our textile industry from possible threat may be caused in future by the conservative policy initiatives of the cotton exporting countries, we have to give emphasis in cotton cultivation. So banks have to take necessary action to disburse loan in this sector. For this purpose, banks themselves shall take effective steps to provide necessary credit facilities in this sector in consultation with the officials of local Cotton Development Department.
6.14.11. Rural Finance:
Apart from agricultural credit, banks/institutions will finance to various self-employment and income generating agricultural/non-agricultural activities to improve the socio-economic conditions of the rural people through stimulating the rural economy. Necessary capital may be provided for running small business particularly small and cottage industry such as￾bamboo & cane product, rice husking, puffed rice (Muri)/flattened rice (Chirwa) production, pottery and blacksmith, boat purchasing, bee rearing/apiculture and honey cultivation, sewing machine/tailoring, production of imitation ornament, candle, wood work, grocery shops and for employment generation for physically handicapped people and poor women.

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6.14.12. Credit for Weaving Industry
Bangladesh Krishi Bank and Rajshahi Krishi Unnayan Bank allow finance to the weavers fixing separate targets under the annual Agricultural and Rural Credit Target. Similarly, the other state-owned and private banks may also extend credit facilities to rural weavers alongside the agricultural credit.
6.14.13. Credit for Women Associated with Income Generating Agriculture and
Agriculture Allied Activities
Half of the populations of Bangladesh are women. Due to this population distribution, the effective and meaningful participation of women in the main stream economy is essential for sustainable economic growth. They should be turned into human resources through involving themselves with agriculture and agriculture-allied income generating activities. The poor women of the rural areas shall be encouraged through providing them credit facilities for crop production, running agro￾processing and agriculture related small business so that they can change their economic conditions. Credit facilities may also be extended to women for agricultural activities such as gardening, nursery, post harvesting activities, production and preservation of seeds, bee rearing/apiculture and honey production, food processing, fisheries, animal resources sector, etc.
6.14.14. Credit for Physically Handicapped People
Banks/financial institutions shall extend credit facilities to the physically handicapped people against various agricultural/non-agricultural self-employed income generating activities to consider their nature of disability so that they can lead a meaningful, fruitful and contributory life with dignity. Banks may ease the conditions of crediting in case of the physically handicapped people. The physically handicapped people may be allowed credit facilities in the sectors suitable to them including production of bamboo and cane product, rice husking, nursery, bee rearing/apiculture and honey production, small grocery shop, etc.
7.0. Special Credit Programmes in Supporting of Agricultural and Rural Development
7.01. Special Credit Programme of Bangladesh Bank for Sharecroppers
A special credit scheme was initiated in the fiscal year 2009-10 to provide credit facilities in timely, harassment free, collateral free and at low interest rate through BRAC to the sharecroppers who have been so long remained outside the orbit of Bank credit. This program has been running from FY 2009-2010 with a revolving fund of 500 crore taka under the refinance scheme of Bangladesh Bank. In this arrangement, 3 (thee) lakh sharecroppers from 172 Upazillas under 37 districts are supposed to get crop loan and loan for purchasing agricultural equipments only at 10% interest. The farmers are really benefited getting first time collateral‟s free and lower interest rate credit facility under this scheme and it has a positive impact on their livelihood. This refinance scheme is extended for more three years from July 2012 to June 2015 due to its important role in poverty alleviation. Again, a new interest rate of 18% (reducing method) at sharecropper level was set. In this phase, 5 (five)

30 lakh sharecroppers from 250 Upazillas under 48 districts will be supposed to get crop loan and loan for purchasing agricultural equipments. About 9 (Nine) lakh sharecroppers from 250 Upazillas under 48 districts got about more than Taka 1412 Crore (One Thousand Four Hundreds and Twelve Crore) for crop loan and loan for purchasing agricultural inputs in a period from the beginning to 30 June 2013.
8.0. Special Credit Programmes in Supporting of Agricultural and Rural Development
financed by ADB
8.01. North-West Crop Diversification Project (NCDP)
The North-west region is one of the poorest regions of Bangladesh. The majority of the farmers of this region produce only rice which the market price is comparatively low. The North-western Crop Diversification Project (NCDP) financed by Asian Development Bank was undertaken to alleviate poverty from the fertile north-western part of Bangladesh through farming High Value Crops (described in section 6.09) instead of traditional farming ended in 30 June 2009. High value crops are producing in a land area of 1,53,000 hector under this project in spite of a primary target of 40,000 hector. At present almost 2 lakh 40 thousands farmers are getting credit under this project in spite of a target of 1 lakh 60 thousands. In line with the above project, loan is being disbursed to 1.86 lac farmers (60% of them are women) each of them owning 0.2 to 1.2 hectors of land in 61 Upazillas under 16 districts of Rajshahi and Rangpur Division from a revolving fund of Tk 174 crore through wholesaling by Rajshahi Krishi Unnayan Bank and being retailed by 4 Micro Finance Institutions (MFIs) (BRAC, Proshika, RDRS and GKF) under the responsibility and management of Bangladesh Bank.
8.02 Second Crop Diversification Project (SCDP)
Considering the success of the North-western Crops Diversification Project (NCDP), the Government of Bangladesh has undertaken a project named „Second Crop Diversification Project‟ (SCDP) to be financed by the Asian Development Bank. The project is to be implemented by the Ministry of Agriculture, Government of Bangladesh, while Bangladesh Bank will act as the implementing agency of the credit component of the project. Apart from Rajshahi and Rangpur Division, credit facilities will be extended in 52 Upazillas of 27 districts under Khulna, Barisal and Dhaka Divisions. A total of 2,03,000 farmers will be received this credit facilities. Authority of wholesaling is given to Basic Bank Ltd. and Eastern Bank Ltd. for implementation of credit component of this project. Besides, experienced MFI BRAC is selected for disbursing micro credit to the farmers at the field level. Under this project, like NCDP, credit facilities will be provided for cultivation of High Value Crops (described in section 6.09) and plantation of high value trees. The credit component of the project is US$ 26 million equivalent to Tk. 203 crore approximately. The credit facilities under this project already been started. The two wholesale banks under this project are given a credit of 143 crore taka from Bangladesh Bank.

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9.0. Interest Rate of Agricultural Loan
The banks will fix themselves the sector/sub-sector wise rate of interest for agricultural and rural credit. But, the maximum limit of interest rate set by the Bangladesh Bank will be applicable for agricultural sector as usual. It is notable that, the maximum limit of interest rate is 13% under Agricultural and Rural Credit Policy and Programme. The interest of Agricultural loan will have to impose on yearly basis or term basis (for those loans which duration is not over 12 month). Concerned banks should inform Bangladesh Bank about the sector/sub-sector wise rate of interest at borrower level immediately.
10.0. Use of Information Technology in Agricultural Credit Management
The use of information technology may play a positive role in improving the standard of living of all spheres of people. As far as possible, the banks shall take initiatives to preserve the mobile phone number of the borrowers at branch level. The mobile phone number of relatives/neighbors may also be preserved, in the case the borrowers who do not have any mobile phone. But the farmers shall not be deprived of credit facilities on such ground that the applicant does not have any mobile phone. The bank branches/higher authorities of the concerned bank shall make phone calls to the farmers to know about the loan disbursement and recovery. Bangladesh Bank will also make calls to farmers from time to time to know the problems in loan disbursement and recovery. Besides, the use of information technology including mobile phone and internet for disbursement and recovery of agro-loan in the interest of the farmers will be supported in principle.
11.0. Monitoring of Agricultural and Rural Credit
11.01. Monitoring at Bank Level
The participating banks shall ensure effective monitoring system so that only the real farmers get agricultural credit timely according to the agricultural credit policy and norms without any harassment and the disbursement as well as the recovery targets are achieved. The main objectives of the agriculture and rural credit monitoring are as under:
a) Achievement of the overall agricultural and rural credit disbursement target; b) Ensuring disbursement of 60% of the total agricultural credit in the crop sub-sector; c) Emphasizing on the disbursement of credit to Fisheries and Animal Resources- the two other main sub-sectors of agriculture; d) Using area approach method for loan disbursement i.e. focusing the crop for the area it suits the best; e) Extending credit facilities to the neglected people of less developed areas including char, haor, costal belts, etc; f) Ensuring credit facilities to real farmers in a transparent way; g) Ensuring proper utilization of loan towards recovery of the disbursed loan.

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The Head Offices/Regional Offices of the participating banks shall evaluate regularly and take necessary steps to ensure timely disbursement and proper utilization of the loans sanctioned by the bank branch. The demand for and supply of credit at branch level shall be monitored by the Head Offices/Regional Offices so that crop production is not hampered due to short supply of credit under any circumstances. The Head Offices shall arrange fortnightly/monthly evaluation of the overall agricultural credit disbursement and recovery position and give necessary instructions to branches/regional offices and take corrective measures from time to time.
11.02. Monitoring at Central Bank Level
In order to ensure more effective monitoring of the implementation of the Agricultural and Rural Credit Policy undertaken in the interest of the real farmers of Bangladesh, largely dependent on agriculture, a monitoring division at Head Office and monitoring units at branches of Bangladesh Bank are in place. The main features of agricultural credit monitoring section of Bangladesh Bank are as follows:
 Conducting off-site monitoring by collecting monthly statements containing required information of agricultural and rural credit disbursement and recovery from the scheduled banks.  On-site monitoring of agricultural and rural credit program of scheduled banks is also conducted by the bank inspection department (DBI) of Bangladesh bank head office and branch offices. Besides, Agricultural Credit and Financial Inclusion Department also examine the proper uses of agricultural loan from time to time on sample basis.  Monthly discussion meeting with the state-owned commercial banks and specialized banks and bimonthly meeting with the private and foreign banks held regularly with a view to discuss the progress of agricultural and rural credit program. Meeting also held to discuss about progress of loan disbursement, barriers to achieve target, transparency in loan disbursement, to ensure the qualitative value, loan recovery etc.  Many private and foreign banks are disbursing agricultural and rural credit through Micro Finance Institutions (MFIs) due to limited branches in rural areas. In this case banks are ordered to supervise the agricultural and rural credit program directly at the borrower levels. Bangladesh Bank also conducting on site inspection on sample basis after examining the report and statement submitted by the participating banks. The accountability is ensured by the participation of state-owned banks as well as the private banks or their nominated MFI representatives in the District Agricultural Credit Committee. It is to be mentioned that Bangladesh Bank officials also attend those meetings.  Banks are strongly motivated to disburse loan publicly in presence of local elites with a view to increase transparency in loan disbursement. In last three years there is a large number of banks conducted this kind of publicly loan disbursement. Officials of

33 different levels of Bangladesh Bank head office and branch offices have been attending these meetings.  There grown a huge interest of cultivating some specific crops (pulse, oil seeds, spices and maize) among the farmers due to massive publicity by Bangladesh Bank about financing the cultivation of these crops at a concessional interest rate of 4%. At the same time, the loan disbursement in this sector by different banks has been increasing as a result of intensive monitoring by Bangladesh Bank.  Bangladesh Bank collects cell phone numbers of borrowers from the banks to communicate with farmers directly to know about the transparency, loan utilization, bank‟s service etc. Honorable Governor communicates with farmers directly over cell/phone. This type of monitoring using mobile phone will be continued.  Bangladesh Bank takes necessary steps on receiving any written or telephonic complaint concerning agricultural and rural credit.
11.03. Service from “Customers Interest Protection Center” in Bangladesh Bank
With a view to protect the customers from harassment in receiving service in banking and financial sector including agricultural and rural credit and to settle any complaints in a possible quickest time, Customer Interest Protection Center (CIPC) has been established in Bangladesh Bank. Farmers can call directly from any phone on a hotline (no- 16236) to complain their own. Bangladesh Bank will take necessary measures against their complaints. Besides, the phone, mobile and fax number of the Customer Interest Protection Center (CIPC) of branch offices of Bangladesh Bank are listed below for the welfare of public and stakeholders. Office Phone Mobile Fax Chittagong 031-616800 01557347089 031-634776 Khulna 041-732539 01755504561 041-725577 Rajshahi 0721-772871 01720464976 0721-775792 Sylhet 0821-725459 01755534297 0821-715687 Barishal 0431-2174505 01757436667 0431-64271 Bogra 051-51617 01710437479 051-51190 Rangpur 0521-61037 01755507547 0521-64829 Mymensingh 091-62025 01920456442 091-62065
11.04 Monitoring by District Agricultural Credit Committee
The District Agricultural Credit Committee has been playing an effective role in successful implementation and coordination of the Agriculture/Rural Credit Program at field level under 'Lead Bank‟ system. Under this system, the State-owned Commercial or Specialized Bank branches have been allotted with specified union(s) for disbursing agricultural loan. The Deputy Commissioner of the district is the Chairman of the District Agricultural Credit Committee and a specified bank holds the Secretarial responsibility as the 'Lead Bank' of the district. The District Agricultural Credit Committee holds monthly meeting to discharge its supervision and coordination functions related to agricultural and rural credit.

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At present, disbursement of agricultural credit is compulsory for all private and foreign banks operating in Bangladesh. Many private banks do not have branches in all districts as well as rural areas. Due to inadequate no of branches in rural areas, the private and foreign banks are disbursing agricultural and rural credit through their branches and/or with the partnership of Micro Finance Institutions (MFIs) approved by the Micro-credit Regulatory Authority (MRA). In view of the participation of all banks in rural credit operation and in order to make the agricultural credit activities more effective and coordinated, the representation of private and foreign banks in the District Agricultural Credit Committee alongside the State-owned Commercial and Specialized Banks is essential. Keeping the goals, objectives and the existing framework of the „Lead Bank‟ system unchanged, the private and foreign banks shall be represented in the District Agricultural Credit Committee as under:
Sl .
No.
Presence of Private and Foreign Banks in the District Mode of Agricultural and Rural Credit Operation in the District Private and Foreign Banks to be represented by in the District Agricultural Credit Committee a Banks having branches in the concerned district. Agricultural and rural credit are disbursed through own branches only in the concerned district. Branch/Zone chief of the bank in the district. Agricultural and rural credit are disbursed through own branches as well as in partnership with MFIs under credit wholesaling Branch/Zone chief of the bank in the district with own and MFI partnership related information. Agricultural and rural credit are disbursed through partnership with MFIs under credit wholesaling instead of own branches. Branch/Zone chief of the bank in the district with MFI partnership related information. b Banks having no branches in the concerned district. Agriculture and Rural Credit are disbursed through partnership with MFIs under credit wholesaling Local Coordinator of the MFIs nominated by the concerned Bank.

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12.00. Agricultural and Rural Credit Recovery
12.01. Importance of Agriculture and Rural Credit Recovery
The concerned branch/regional officials themselves will fix the installment and timeline for repayment of the loan in the light of the repayment schedule annexed herewith. At the beginning of the harvesting season as well as at the marketing time, the bank branches shall take all out effort for recovery of loan. It should be kept in mind that loan disbursement will be hampered if loans are not recovered. Practice of credit waiving should be avoided as far as possible; because credit waiving may make the borrowers reluctant to repay the loan in future. However, loan recovery can be postponed/delayed in consultation with Bangladesh Bank in case of natural calamities. In order to avoid financial loss and liquidity crisis due to classification of loans and to ensure the best use of the fund, banks shall gear up recovery activities.
12.02. Awareness related to Agricultural and Rural Credit Recovery
Publicity may be made highlighting the importance of agricultural loan recovery to raise awareness among the concerned public.
12.03. Special Initiatives for Agricultural and Rural Credit Recovery
The following steps may be considered to expedite the agricultural and rural credit recovery:
a) The banks may award certificate/incentives under their own policy to encourage the officials for recovery of loan. b) Banks may allow rebate on interest rate as reward for the borrowers who repay the loan in time. c) Effective steps shall be taken to settle the long pending Certificate Cases. In this regard, incentives may be arranged for repayment of outstanding loan at a time. d) Initiatives may be taken to reschedule classified loans in consultation with Bangladesh Bank. e) To recover loans, a separate 'Recovery Cell' may be constituted at branches where the amount of classified/overdue loan is more than 50% of the total loan portfolio. f) Arranging 'Agricultural Credit Recovery Camp' at places of farmers gathering with prior publicity to recover loan. g) The use of information technology to recover agricultural credit may be encouraged.
13.0. Availability of Agricultural and Rural Credit Related Information
Banks shall display information regarding the products and facilities regarding agricultural and rural credit at places easily noticeable for the visitors including their own website. In order to bring more transparency in agriculture credit disbursement, information relating to Agriculture credit disbursement shall be displayed/preserved in the notice board of the branch and be updated regularly.
14.0. Addressing the Adverse Effects of Climate Change
The atmospheric temperature is rising gradually as a result of excessive emission of green house gas including carbon dioxide in the industries and by destroying the forest and trees all

36 over the world. This global warming is the main reason of climate change. Bangladesh is major among the countries mostly affected by climate change, mainly due to its geographical location. Most of the countries of little altitude above sea level are in south-east Asia. Climate change will increase not only sea level but also the frequency and intensity of natural calamity in these countries known as “world‟s basket of rice”. Cyclone, flood, high tide and salinity have been increasing due to rise of the sea level. Deviation in the usual course of seasonal change is becoming visible due to change in climate. Flood and water clogging of mid-region, sudden flood of north-east region, draught and salinity of north-west and south￾west region and the high tide of costal may create acute problem for the agriculture of Bangladesh. Since the recovery of agricultural credit becomes risky with the damage of crops, the banks shall be conscious about the adverse impact of natural calamities vis-a-vis climate change and encourage the farmers to take the following steps:
a) Bring a little change in the loan disbursement and recovery schedule from area to area; b) Cultivating salinity-tolerant crops in the salty areas; c) Cultivating water- tolerant crops in the water-logged and flood-prone areas; d) Cultivating draught- tolerant crops in the draught-prone areas; e) Arrange for irrigation during dry season to avoid low production and loss of crops; f) Encouraging use of surface water instead of underground water for irrigation; g) Using organic fertilizer and insecticide by natural means instead of using chemical fertilizer and pesticides; h) Banks shall be conservative to provide agricultural credit for cultivating land destroying forest or hills; i) Credit facilities shall be continued for cultivating fruits, vegetables, social forestry, livestock, duck, poultry and gardening at the home-stead normally in flood-free years. j) To face the problems created by climate change we have to encourage the farmers to practice the alternative and strategic farming such as: Cultivation of Mug dal just after the paddy, cultivation of BARI Mug-5 in the season of Kharip-1 just after the Mustard at the valley, cultivation of lentils with paddy as relay crop, encourage the farmers to follow the prime method in cultivation of lentil in dry land. A list of crops which is resistant to adverse effect of climate change is given below:
Sl.
No.
Crop Mutational Ability Against Climate Change

1. BARI Wheet-21
   (Shotabdi)
   Leaf spot disease tolerant, Leaf rot disease tolerant and heat resistant
2. BARI Wheat -23 (Bijoy) Leaf spot disease tolerant, Leaf rot disease tolerant and
   heat resistant
3. BARI Wheat -25 Leaf spot disease tolerant, Leaf rot disease tolerant and
   salinity resistant

37
4. BARI Wheat -26 Leaf spot disease tolerant, Leaf rot disease tolerant and
drought resistant
5. BARI Wheat Triticale-1 Draught and adverse weather resistant
6. BARI Berli-4 Salinity resistant and less disease-pest affected
7. Rai-5 (Mustard) Draught resistant and minor salinity resistant
8. BARI Mustard-7 Resistant to Alterneria blight disease and temporary
water logging
9. BARI Mustard-8 Resistant to Alterneria blight disease and temporary
water logging
10. BARI Mustard-11 This variety can be cultivated after harvesting of
Amon paddy. Draught and salinity resistant.
11. BARI Mustard-16 Draught and salinity resistant. Also resistant to
Alterneria disease and Aerobangki parasite
12. BARI Potato-1 (Hira) Temperature resistant. Resist slightly the adverse
effect of climate change. Viral disease resistant.
13. BARI Potato-22 (Soikot) Suitable for salty area. Viral disease resistant.
14. BARI Tomato-4 Resistant to high temperature
15. BARI Tomato-6 (Choity) Resistant to high temperature. Bacterial disease
resistant
16. BARI Tomato-10
(Onupoma)
Resistant to high temperature. Bacterial disease resistant
17. BARI Highbred Tomato-3
(Summer)
High temperature resistant summer highbred variety
18. Jute Kenaf-3 ( Bot Kenaf)
and 4
Resistant to water logging
19. Sugarcane-39 Resistant to draught, water logging, flood and salinity
20. Sugarcane-40 Resistant to draught, water logging, flood and salinity
21. BARI Groundnut-9 Short term and high yield variety
22. BARI Mango-5 High yield and advance variety
23. BARI Mango-6 High yield and seasonal variety
24. BARI Mango-7 High yield and seasonal variety
25. BARI Mango-8 High yield and „Late‟ variety
26. BARI Bottle Gourd-3 Cultivable everywhere in Bangladesh
27. BARI Bottle Gourd-4 Cultivable everywhere in Bangladesh
28. BARI Rambutan Cultivable everywhere in Bangladesh
In case of disbursement of the crops stated above which are not in the list of crops mentioned in credit norms, banks may determine the norms of these crops on the basis of consultation

38 with concerned Agricultural specialist/Agricultural Extension Officer and Banker-customer relationship.
15.0. Awareness and Training
At present disbursement of agricultural credit is compulsory for all banks. Participation of private and foreign banks in agriculture and rural Credit programme is new. Besides, a number of new items have been incorporated in the policy. As such, initiatives shall be taken to make the bankers at various levels, including field level, awareness of the objectives, priorities and provisions of the Agricultural and Rural Credit Policy. With this end, the banks shall take necessary steps including training and workshop programme. The respective department of Bangladesh Bank will provide necessary technical support.
16.0. Submission of Statements
The concerned banks/financing organizations shall submit statements related to agriculture and rural credit correctly and timely on monthly basis as desired by Bangladesh Bank for analyzing the implementation status of Annual Agriculture and Rural Credit Programme. Any loan shown in SME sector cannot be shown in Agricultural credit sector at the same time to avoid double-counting. Besides, periodic statements desired by Bangladesh Bank regarding agriculture and rural credit have to be submitted expeditiously.
17.0. Incentives in case of success in Agricultural and Rural Credit Programme
Achieving the target in agricultural credit disbursement will be considered as the success of the managing authority of the bank. So this achievement will be considered as the major positive indicator for considering application of opening new branch, authorized dealer branch and exchange company abroad. Besides, success in agricultural credit disbursement will be considered also with other factors in case of CAMELS Rating by Bangladesh Bank. Agricultural Financing Performance such as target achievement, loan disbursement in crop sector, credit at 4% concessional rate, disbursement through own branches and recovery rate will be considered as the indicators in rating point of Management Component of CAMELS rating. Also Banks, efficient in agricultural credit programme will get preference also in case of special liquidity support.
18.0. Banks‟ own Agricultural and Rural Credit Policy and Programme
In the light of the above policy and norms, every bank shall develop a detailed Agriculture and Rural Credit Programme of their own for the FY 2014-15 considering the total agriculture/rural credit target set by the bank and issue necessary instructions for implementation of the same by its branches.
19.0. Agriculture Friendly other Special Programmes Directed by Bangladesh Bank
19.1. Special Credit Programmes in Developing Agro-processing Industry
Bangladesh Bank launched a special credit programme named “Refinance Scheme in Rural Based Agro-processing Industry” from its own source with a view to create employment opportunities in rural areas and to reduce poverty. Due to the huge interest created among field level entrepreneurs and for the increasing refinance applications from the banks, in

39
December 2012, this fund was made 200 crore taka which initially started with a revolving fund of 100 crore taka in 2001. This fund is operated by the SME and Special program Department of Bangladesh Bank. The sectors under this credit programme are: Fruits processing (such as: jam, jelly, juice, pickles, sorbet, syrup, sausage etc.); Fruits (such as: mango, guava, jackfruit, litchi, pineapple, coconut, etc.); Vegetables (such as: tomato etc.); Pulse, sugarcane, mushroom, milk, salt processing; processing of bread, biscuit, chanachur, chips, potato flex, semai, lachha, noodles, atta, flour, suji, rice, muri, chirha, khoi; different type of spices powder production, shrimp and other fish processing and freezing; meat processing; feed processing for poultry, domestic animal and fish, jute derived goods producing industry (such as dori, ribbon, chot, bag, carpet, sendel etc.); cold storage, flower preservation and export, production of particle board, silk cloth production; edible oil refinery; edible oil production from rice bran; apiculture and honey production etc. This credit facility is given in 37 sectors including above sectors. (Annexure „D‟)
19.2. Equity and Entrepreneurship Fund (EEF)
Equity and Entrepreneurship Fund (EEF) was started sanctioning 100 crore taka in the budget of FY 2000-2001 with a view to promote investment in potential food processing and agro based industry and in ICT sector. The main objective of EEF is the development of socio￾economic environment of the country by developing agro based industry and ICT sector and by creating employment opportunity. Policy was made easy in required field to create more opportunity of participation of more entrepreneurs and to make the EEF fund more entrepreneur-friendly. The minimum limit of project expenditure in both agro and ICT sector has been reduced to 20 lakhs taka from previous limit of 50 lakhs Tk. So that it became very easy to get EEF support for the small entrepreneurs. Many agro sectors are included in the EEF fund. These are: organic fertilizer production; soya food production and soya bean processing; fruits and vegetables-processing and preservation; apiculture and honey processing; jam jelly, pickles and sausage production for both local and export market; cultivation and processing of betel-nut; tortoise hatchery and cultivation; establishment of palm-oil mills. At present, projects of non-resident Bangladeshi entrepreneurs, freedom fighters, women entrepreneur (projects having lady managing director), tribal's‟ entrepreneurs and the projects of hill tracts and “monga” affected area are getting priority in sanctioning EEF support. Huge employment opportunity has been created in EEF supported projects. Besides, the EEF fund is playing an important role in fulfilling the demand of protein specially fish meat and egg by implementing agro-based projects. Though from the beginning Bangladesh Bank has been totally concerned about EEF program but from 1st June 2009, on basis of the approval of government, Bangladesh Bank has been carrying out only the policy making, fund management and program supervision. The rest operational activities are conducted by the Investment Corporation of Bangladesh (ICB).

40
19.03. Refinance Scheme of 200 Crore Taka From Bangladesh Bank‟s Own Source for
Purchasing Jute with a view to give assistance to Jute Sector|:
Refinance Scheme of 200 Crore Taka From Bangladesh Bank‟s Own Source has been formulated for Purchasing Jute in a fair price specially from the farmers to give assistance to Jute Sector. This fund is opened for export oriented jute mills/businessman. This fund is operated by the Agricultural Credit and Financial Inclusion Department of Bangladesh Bank. Scheduled banks can take refinance facilities under the signed mutual agreement with Bangladesh Bank. It is notable that, the loan given under this fund will not be treated as agricultural loan.
19.04. Refinance Scheme for Tk 10/- account holding small/marginal/landless
farmers/natural calamity affected low earning people and marginal/small businessmen Bangladesh Bank has formulate a Revolving Refinance Fund of 200.00 crore taka from its own source to disburse loan to farmers in comparatively easy terms and conditions with a view to mobilize the rural economic activities more through remaining the Tk 10/- Account activate. This fund is also formulated with a view to bring the financially un-served marginal people under an institutional financial service so that Tk 10/- account holding small/marginal/landless farmers/natural calamity affected low earning people and marginal/small businessmen can expand their financial activities. Banks can disburse loan to these Tk 10/- account themselves or through MRA licensed MFI under linkage program in a profit sharing basis. This programme has been operated by the Green Banking and CSR Department of Bangladesh Bank.

41
Annexure „A‟
Annual Agricultural and Rural Credit Programmes: Sector/Sub-sector 1 Short Term Credit 2 Long Term Credit
1.1 Crop Credit (Excluding Tea)
(A) Transplanted Aman
(B) Rabi Crop
I. Boro
II. Wheat
III. Potato
IV. Sugarcane
V. Mustard seeds/nut
VI. Other rabi crops (pulse,
winter vegetables)
(C) Summer Crop
1) Aush/ Sowed Aman
2) Jute
3) Maize
4) Other Summer Crops (Teel,
Summer vegetables, etc)
(D) Cotton
(E) Seed Production
(F) Other crops (ginger, Aram etc)
2.1 Irrigation Equipment
(a) Deep Tube-well
(b) Shallow tube-well
(c) LLP
(d) Hand Pump/
Water pump/Treadle Pump
2.2 Livestock Development
(a) Cow and Buffalo for Plowing
(b) Livestock development
(i) Beef fattening
(ii) Farm for milk production
(iii) Goat/Sheep farm
(c) Poultry farm
(d) Vermicompost production
2.3 Agricultural Machineries
(a) Power Tiller
(b) Tractor
(c) Harvester
(d) Other Agricultural Machineries
2.4
2.5
2.6
2.7
Nursery and Horticulture
(Banana, Pineapple, Bau-Kul, Apple-Kul, etc.)
Battle Leaf
Mushroom
Income generating Activities
1.2 Fisheries Development
(a) Fish Cultivation
(b) Prawn Cultivation
(c) Aquaculture
(d) Fish fries
1.3 Salt Cultivation
1.4 Other short term cultivation
(Banana and others)
1.5 Crop storage and marketing
2.8 Rural Transportation
(Boat, rickshaw, van, cart, etc)
2.9 Management of Water Reservoir
(Jolmohal)
2.10 Other Long Term Agri Activities
(Silkworm production, plantation of mulberry, Lac, Catechu (Khoir), Culture of silk and Shellac, etc)

42
Annexure „B‟
Target of Banks/Financial Institutions for Agricultural/Rural Credit Disbursement for the FY 2014-2015 Sl no. Name of the Bank Target Sl no. Name of the bank Target A. State-owned Specialized Banks 1 Bangladesh Krishi Bank 4800 11 First Security Islami Bank Ltd 210 2 Rajshahi Krishi Unnayan Bank 1600 12 IFIC Bank Ltd 155 Sub-total 6400 13 Islami Bank Bangladesh Ltd 790 14 Jamuna Bank Ltd 121 B. State-owned Commercial Banks 15 Mercantile Bank Ltd 190 1 Sonali Bank Ltd. 1180 16 Mutual Trust Bank Ltd 115 2 Janata Bank Ltd. 750 17 National Bank Ltd 230 3 Agrani Bank Ltd. 660 18 NCCB Ltd 161 4 Rupali Bank Ltd. 150 19 One Bank Ltd 120 Sub-total 2740 20 Prime Bank Ltd 250 21 Premier Bank Limited 95
C. Foreign Commercial Banks 22 Pubali Bank Ltd 235
1 Standard Chartered Bank 222 23 Shahjalal Islami Bank Ltd 160 2 Bank Al-Falah Ltd 10 24 Social Islami Bank Ltd 160 3 Commercial Bank of Ceylon Ltd 19 25 Southeast Bank Ltd 220 4 Citi Bank N A 15 26 Standard Bank Ltd 140 5 Habib Bank Ltd 6 27 The City Bank Ltd 160 6 HSBC 125 28 Trust Bank Ltd 110 7 National Bank of Pakistan 15 29 United Commercial Bank Ltd 250 8 State Bank of India 5 30 Uttara Bank Ltd 110 9 Woori Bank 3 31 Union Bank Ltd 50 Sub-total 420 32 South Bangla Agricultural and Commerce Bank Ltd 30 33 NRB Commercial Bank Ltd 40 D. Private Commercial Banks 34 Meghna Bank Ltd 20 1 AB Bank Ltd 270 35 Midland Bank Ltd 20 2 Al-Arafah Islami Bank Ltd 251 36 The Farmers Bank Ltd 13 3 Bank Asia Ltd 160 37 NRB Bank Ltd 8 4 Bangladesh Commerce Bank Ltd 25 38 Modhumoti Bank Ltd 3 5 Basic Bank Ltd 100 39 NRB Global Bank Ltd 28 6 Brac Bank Ltd 190 Sub-total 5990 7 Dhaka Bank Ltd 185 8 Dutch Bangla Bank Ltd. 190 9 Eastern Bank Ltd 165 10 Exim Bank Ltd 260 Grand Total Target is 15,550 Crores Taka

43
Annexure „C‟
Credit Norms of Vermicompost Production
A. Setting up a new project
Purchase of Cow (2 nos.)
Chaari/House building
Purchase of Earth￾worm
(3kgs)
House/Shed
Construction
Other
Purchase
Expenditure including cow purchase
Expenditure excluding cow purchase
2,00,000 30,000 10,000 49,000 1,000 2,90,000 90,000 B. For Existing farming The peoples who have already owner of cows, they will get loan only for „clay made container‟/house construction, shed construction and for purchase of earth worms. In this case the maximum limit of a loan is 90,000.00 Tk. Loan eligible criteria: Producer family/institution on single or partnership basis. Repayment time: Within 04 (Four) years from the date of disbursement including 03 (Three) months of grace period. Amount of collateral: In a new project collateral may be fixed up by the banker-customer relationship and in case of existing farm loan may be disbursed without collateral.

44
Annexure „D‟
List of Approved Agro Based Industry
01) Processed fruit (jam, jelly, juice, pickle, sarbat, syrup, sausage etc.) producing industry;
02) Processing of fruits (tomato, mango, guava, sugar cane, jack fruit, litchi, pineapple,
coconut etc.), vegetables and pulses;
03) Producing of bread, biscuit, semai, lachha, chanachur etc.
04) Processing of atta, flour and suji;
05) Processing of mushroom and Spirulina;
06) Starch, glucose, dextrose and other starch product producing industry;
07) Milk processing (milk pasteurization, powder milk, ice-cream, condensed milk, sweet,
cheese, ghee, butter, chocolate, curd etc.);
08) Processed food derived from potato (chips, potato flex, starch etc.);
09) Various spices-powder producing industry;
10) Refining of edible oil and hydrogenation industry;
11) Salt processing industry;
12) Processing and freezing of shrimp and other fishes;
13) Herbal and medicinal cosmetics producing industry;
14) Eunany and ayurvedik drugs industry;
15) Feed industry (poultry, dairy and fish);
16) Seed processing and preservation;
17)Jute based goods producing (rope, thread, chot, bag, carpet, sandal etc.);
18) Silk producing industry;
19) Producing and repairing of agro machineries and equipments;
20) Processing of rice, muri, chirwa, khoi etc.;
21) Aromatic rice;
22) Tea processing industry;
23) Coconut oil producing industry (if raw crop is collected from local coconut);
24) Processing of rubber tap and lakhkha;
25) Cold Storage (Processing and preservation of potato for both consumption and seed, fruit
and vegetables produced by local farmers.);
26) Making/producing of furniture from wood, bamboo and cane (excluding cottage
industry);
27) Flower processing and exporting farm;
28) Meat processing farm;
29) Organic fertilizer, compost fertilizer and guti urea;
30) Producing of bio-pesticides and neem-pesticides;
31) Apiculture/honey producing industry;
32) Project of rubber goods production;
33) Particle board;
34) Mustered oil producing industry;
35) Poultry and dairy industry;
36) Project for bio-gas and electricity production from rice husk and cow dung and
37) Edible oil from rice bran industry.

45
Annexure „E‟
Credit Norms for Crop Production: The Fiscal Year 2014-2015 SL No.
Name of the Crop Production Cost Per Acre (Tk.)
Balanc ed
Fertiliz er
Seed Irrigatio n
Macha/
Case/
Colum n
Pestici de
Land
Preparatio n
Mechaniz ed/ traditional
Labor Season
Wise
Rent for crop productio n
Total Amount of
Credit per Acre
Amount of credit for for maximum 5 acre
(maximum
2.5 acre for
Sugarcane & potato) land
Amount of credit for minimum
0.50 bigha of
land per borrower
1 2 3 4 5 6 7 8 9 10 11 12 13 14
Cereal Crop
1 Aush (HYV) 4605 360 1300 0 750 3200 15600 6000 31815 31815 159075 5303 2 Aush (Local) 2706 360 650 0 500 3200 13000 6000 26416 26416 132080 4403 3 Planted Amon (HYV) 5592 500 1300 0 750 3200 15600 6000 32942 32942 164710 5490 4 Sowed Amon (Local) 3005 350 750 3200 13000 6000 26305 26305 131525 4384 5 Transplanted Amon (Local) 1191 350 3200 13000 5000 22741 22741 113705 3790 6 Boro (Hybrid) 6583 1200 6500 0 1000 3200 20800 6000 45283 45283 226415 7547 7 Boro (HYV) 5951 680 6500 0 750 3200 20800 6000 43881 43881 219405 7313 8 Boro (Local) 3432 550 3250 0 500 3200 15600 6000 32532 32532 162660 5422 9 Wheat (Irrigated) 10389 2160 2600 0 200 3200 13000 6000 37549 37549 187745 6258 10 Kaun 2315 540 1300 0 500 3200 6500 5000 19355 19355 96775 3225 11 Millet (Sorgom) 4722 500 1300 0 200 2400 6500 3000 18622 18622 93110 3104 12 Bajra(Palmillet) 2315 500 1300 0 200 2400 6500 3000 16251 16251 81075 2703 13 Barley or Zob 2354 500 1300 0 200 2400 6500 3000 16254 16254 81270 2709 14 Proso Millet 2264 420 1300 0 300 2400 6500 5000 18184 18184 90920 3031 15 Maize (kharif) 11476 900 1300 0 500 3200 9100 5000 31476 31476 157380 5246 16 Maize (Rabi) 11476 900 1300 0 500 3200 13000 5000 35376 35376 176880 5896 NB: A farmer taking another loan but not classified yet can be given loan at 4% concessional rate for pulse, oilseed, spices and maize cultivation.

46
SL
No.
Name of the Crop Production Cost Per Acre (Tk.)
Balanc ed
Fertiliz er
Seed Irrigatio n
Macha/
Case/
Column
Pesticid e
Land
Preparatio n
Mechaniz ed/ traditional
Labor Season
Wise Rent for crop productio n
Total Amount of Credit per Acre
Amount of credit for for maximum 5 acre
(maximum 2.5 acre for
Sugarcane & potato) land
Amount of credit for minimum
0.50 bigha of
land per borrower
1 2 3 4 5 6 7 8 9 10 11 12 13 14
Cash Crop:
17 Jute 8180 300 500 4000 13000 3000 28980 28980 144900 4830 18 Shan Jute 6040 300 500 3200 6500 3000 19540 19540 97700 3257 19 Sugarcane 16303 3000 2600 0 1800 3200 13000 6000 45903 45903 114757.5 7651 20 Betel-leaf 91214 50000 5417 130000 5000 4800 91000 20000 397431 397431 1987155 66239 21 Cotton (American) 10796 400 1300 0 700 3200 13000 6000 35396 35396 176980 5899 22 Cotton (Comilla Hilly) 9434 400 1300 0 700 3200 13000 6000 34034 34034 170170 5672 Vegetables:
23 Bean 7511 660 1300 12000 600 3200 10400 5000 40671 40671 203355 6779 24 Red Amaranth 7200 300 650 0 300 3200 5200 3000 19850 19850 99250 3308 25 Spinach 6852 128 650 0 300 3200 5200 3000 19330 19330 96650 3222 26 Bindweed 7954 135 650 0 300 3200 5200 3000 20439 20439 102195 3407 27 Bottle-guard 8500 125 650 18000 300 3200 5200 5000 40975 40975 204875 6829 28 Radish 9245 188 1300 0 500 3200 5200 5000 24633 24633 123165 4106 29 Cauliflower 9873 700 2600 0 500 3200 9100 5000 30973 30973 154865 5162 30 Cabbage 9933 700 2600 0 500 3200 9100 5000 31033 31033 155165 5172 31 Kohlrabi 12305 700 2600 0 500 3200 9100 5000 33405 33405 167025 5568 32 Turnip 12305 700 2600 0 500 3200 9100 5000 33405 33405 167025 5568 33 Carrot 8492 4500 1950 0 500 3200 5200 5000 28842 28842 144210 4807 34 Garden pea 7284 680 650 0 500 3200 5200 5000 22514 22514 112570 3752 35 Yard long bean 7389 1200 650 4500 500 3200 6500 5000 28948 28948 144740 4825 36 Lettuce 7432 700 1950 0 500 3200 9100 5000 27882 27882 139410 4647 37 Brinjal 8729 100 1950 0 1500 3200 6500 5000 26979 26979 134895 4497

47
SL
No.
Name of the Crop Production Cost Per Acre (Tk.)
Balanc ed
Fertiliz er
Seed Irrigatio n
Macha/
Case/
Column
Pesticid e
Land
Preparatio n
Mechaniz ed/ traditional
Labor Season
Wise Rent for crop productio n
Total Amount of Credit per Acre
Amount of credit for for maximum 5 acre
(maximum
2.5 acre for
Sugarcane & potato) land
Amount of credit for minimum
0.50 bigha
of land per borrower
1 2 3 4 5 6 7 8 9 10 11 12 13 14
38 Tomato (summer) 8295 100 650 4500 1000 3200 10400 5000 33145 33145 165725 5524 39 Tomato (robi) 8295 100 1950 4500 500 3200 10400 5000 33945 33945 169725 5658 40 Cucumber 7810 100 650 12000 500 3200 6500 5000 35760 35760 178800 5960 41 Bitter Gourd 7858 1030 2600 12000 500 3200 6500 5000 38688 38688 193440 6448 42 Pointed Gourd 7810 2000 650 12000 500 3200 6500 6000 38660 38660 193300 6443 43 Ladies Finger 8305 240 1300 0 500 3200 5200 3000 21745 21745 108725 3624 44 Pumpkin 8373 100 1300 0 500 3200 5200 3000 21673 21673 108365 3612 45 Ash Gourd 8373 100 1300 18000 500 3200 5200 3000 39673 39673 198365 6612 46 Teasle Gourd 7860 1200 1300 12000 500 3200 10400 5000 41460 41460 207300 6910 47 Ridge Gourd 8373 100 1300 12000 500 3200 6500 5000 36973 36973 184865 6162 48 Snake Gourd 8373 100 1300 12000 500 3200 6500 5000 36973 36973 184865 6162 49 Dhundhol 8373 100 1300 12000 500 3200 6500 5000 36973 36973 184865 6162 50 Indian Spinach 7540 400 1300 0 500 3200 6500 5000 24440 24440 122200 4073 51 French Bean 8151 200 1300 0 500 3200 7800 5000 26151 26151 130755 4359 52 Stem Amaranth 7866 100 650 0 400 3200 6500 3000 21716 21716 108580 3619 Spices:
53 Pepper 9095 195 1300 0 600 4000 13000 5000 33190 33190 165950 5532 54 Onion 9229 18250 1300 0 500 4800 6500 5000 45579 45579 227895 7597 55 Garlic 9427 24000 1300 0 500 4800 6500 5000 51527 51527 257635 8588 56 Ginger 9261 64000 1300 0 500 3200 7800 5000 91061 91061 455305 15177 57 Turmeric 8653 80000 650 0 500 3200 6500 5000 104503 104503 522515 17417 58 Coriander 8511 100 1300 0 500 3200 5200 3000 21811 21811 109055 3635 NB: A farmer taking another loan but not classified yet can be given loan at 4% concessional rate for pulse, oilseed, spices and maize cultivation.

48
SL
No.
Name of the Crop Production Cost Per Acre (Tk.)
Balanc ed
Fertiliz er
Seed Irrigatio n
Mach a/
Case/
Colu mn
Pestici de
Land
Preparatio n
Mechaniz ed/ traditional
Labor Season
Wise
Rent for crop productio n
Total Amount of
Credit per Acre
Amount of credit for for maximum 5 acre
(maximum
2.5 acre for
Sugarcane & potato) land
Amount of credit for minimum
0.50 bigha of
land per borrower
1 2 3 4 5 6 7 8 9 10 11 12 13 14
59 Onion (Seed) 9381 47500 2600 0 3000 3200 19500 6000 91181 91181 225975 15065 60 Cumin 8129 1100 1300 0 500 3200 6500 5000 25729 25729 128645 4288 Fruits:
61 Banana 26254 14250 2600 47500 1000 3200 9100 9000 112904 112904 564520 18817 62 Papaw 25272 9150 1300 50000 500 3200 9100 9000 107522 107522 537610 17920 63 Pineapple 11296 18000 1950 0 500 3200 9100 9000 53046 53046 265230 8841 64 Watermelon 8629 5000 2600 0 1000 3200 10400 5000 35829 35829 179145 5972 65 Bangi/Futti 9026 400 1300 0 500 3200 7800 5000 27226 27226 136130 4538 66 Mango 74810 6600 1300 0 3000 3200 7800 20000 116710 116710 583550 19452 67 Lemon 25005 9000 650 0 500 3200 6500 12000 56855 56855 284275 9476 68 Bermese Grape 14140 9000 650 0 500 3200 6500 12000 45990 45990 229950 7665 69 Guava 15536 9000 650 0 500 3200 10400 12000 51286 51286 256430 8548 70 Strawberry 15737 10000 0 1300 0 1000 3200 13000 12000 146237 146237 364700 24313 71 Litchi 21700 4950 1300 0 3000 3200 7800 20000 61950 61950 309750 10325 72 Orange (New production) 16692 5670 1300 0 1000 3200 9100 9000 45962 45962 229810 7660 73 Orange (Enhance production of old Farm) 35751 0 1300 0 1000 3200 9100 9000 59351 59351 296755 9892 74 Sweet Orange 8487 8750 3250 0 500 5600 7800 6000 40387 40387 201935 6731 75 Sapota 8360 3000 3250 0 500 5600 7800 6000 34510 34510 172550 5752

49
SL
No.
Name of the Crop Production Cost Per Acre (Tk.)
Balanc ed
Fertiliz er
Seed Irrigatio n
Mach a/
Case/
Colu mn
Pestici de
Land
Preparatio n
Mechaniz ed/ traditional
Labor Season
Wise
Rent for crop productio n
Total Amount of
Credit per Acre
Amount of credit for for maximum 5 acre
(maximum
2.5 acre for
Sugarcane & potato) land
Amount of credit for minimum
0.50 bigha of
land per borrower
1 2 3 4 5 6 7 8 9 10 11 12 13 14
76 Hog Plum 8542 1500 3250 0 500 5600 6500 6000 31892 31892 159460 5315 77 Coconut 10030 4500 3250 0 500 5600 6500 6000 36380 36380 181900 6063 78 BAUkul/Applekul 18288 15750 1300 0 3000 3200 26000 20000 87538 87538 437690 14590 Root Crops:
78 Potato (HYV) 9190 28400 1950 0 3000 3200 9100 5000 59840 59840 149600 9973 79 Sweet Potato 8921 5000 1300 0 500 3200 6500 3000 28421 28421 71052.5 4737 80 Aroid 7988 4000 1300 0 500 3200 6500 3000 26488 26488 132440 4415 81 Pani Kochu 8162 15000 650 0 500 3200 6500 3000 37012 37012 185060 6169 82 Owl Kochu 9435 8000 1300 0 500 3200 6500 3000 31935 31935 159675 5323 Oil Seeds:
84 Mustard (HYV) 8916 200 650 0 500 3200 6500 3000 22966 22966 114830 3828 85 Mustard (Local) 8209 200 650 0 500 3200 6500 3000 22259 22259 111295 3710 86 Groundnut (Kharif) 2515 2860 1300 0 500 3200 10400 3000 23775 23775 118875 3963 87 Groundnut (Rabi) 2515 2860 1300 0 500 3200 10400 3000 23775 23775 118875 3963 88 Sunflower 8809 300 1300 0 500 3200 3900 3000 21009 21009 105045 3502 89 Sesame (Kharif) 8165 200 650 0 500 3200 5200 3000 20915 20915 104575 3486 90 Sesame (Rabi) 8165 200 650 0 500 3200 5200 3000 20915 20915 104575 3486 91 Soft Flower 6978 200 650 0 300 3200 3900 3000 18228 18228 91140 3038 92 Linseed 896 200 650 0 300 3200 3900 3000 12146 12146 60730 2024 93 Soybean (Kharif) 8377 2100 500 3200 5200 3000 22377 22377 111885 3710 94 Soybean (Rabi) 8377 2100 1300 0 500 3200 5200 3000 23677 23677 118385 3946 NB: A farmer taking another loan but not classified yet can be given loan at 4% concessional rate for pulse, oilseed, spices and maize cultivation.

50
SL
No.
Name of the Crop Production Cost Per Acre (Tk.)
Balanc ed
Fertiliz er
Seed Irrigatio n
Mach a/
Case/
Colu mn
Pestici de
Land
Preparatio n
Mechaniz ed/ traditional
Labor Season
Wise
Rent for crop productio n
Total Amount of Credit per Acre
Amount of credit for for maximum 5 acre
(maximum
2.5 acre for
Sugarcane
& potato) land
Amount of credit for minimum
0.50 bigha of
land per borrower
1 2 3 4 5 6 7 8 9 10 11 12 13 14
Pulses:
95 Mungbean (Kharif-1) 1594 720 650 0 500 3200 6500 3000 16164 16164 80820 2694 96 Mungbean (Rabi) 1594 720 650 0 500 3200 6500 3000 16164 16164 80820 2694 97 Blackgram ( Kharip) 681 1020 650 0 500 3200 5200 3000 14251 14251 71255 2375 98 Blackgram (Rabi) 681 1020 650 0 500 3200 5200 3000 14251 14251 71255 2375 99 Chickpea 1651 1320 650 0 500 3200 5200 3000 15521 15521 77605 2587 100 Aurhor 13512 500 650 0 500 3200 5200 3000 26562 26562 132810 4427 101 Lentil 2174 1232 650 0 500 3200 6500 3000 17256 17256 86280 2876 102 Grasspea 709 1000 650 0 500 3200 6500 3000 15559 15559 77795 2593 103 Pea 619 1650 650 0 500 3200 6500 3000 16119 16119 80595 2687 104 Cowpea 619 1650 650 0 500 3200 6500 3000 16119 16119 80595 2687 Flowers:
105 Gerbera 54630 420000 227500 312000 5000 295200 494000 30000 1838330 1838330 9191650 612778 106 Rose 58220 120000 15600 30400 5000 280000 0 30000 539220 53220 2696100 17740 107 Gladiolus 24530 240000 5417 2500 5000 37500 0 30000 344947 344947 1724735 114982 108 Tuberose 21385 10000 5417 1500 5000 25000 0 30000 98302 98302 491510 32767 109 Marigold 19840 25000 6500 2500 5000 36000 0 30000 124840 124840 624200 41613

51
Others: Production Cost Per Acre (Tk.)
SL
No.
Name of the Crop Balanced
Fertilizer
Seed Irrigati on
Ma cha
/
Ca se/
Col um n
Pestici de
Land
Preparatio n
Mechaniz ed/ traditional
Labor Season
Wise
Rent for crop productio n
Total Amount of Credit per Acre
Amount of credit for for maximum 5 acre
(maximum
2.5 acre for
Sugarcane
& potato) land
Amount of credit for minimum
0.50 bigha of
land per borrower
1 2 3 4 5 6 7 8 9 10 11 12 13 14
110 Apiculture Cost of 50 boxes preparation including bees 2400*50=120000 41600 Box transportati on & others 30000 191600 191600 958000 (maximum limit) 31933 (minimum limit) 111 Agor 6155 12000 5850 0 5000 3200 13500 10000 55705 55705 139263 9284 112 Oil Pum 15750 300 2600 0 500 3200 10400 9000 41750 41750 104375 6958 113 Mushroom seed production Autocleb 3 nos Clean kench 1 nos Air Conditi oner 3 nos 195000 0 Iron rack 20 nos 300000 Running cost: wood powder, wheet husk 250000 6 labor 39000 Electricity connectio n & others 80000 1114000 371333 114 Mushroom production (500kg/month) Iron rack 20 nos 300000 Runnin g cost 60000 Labor 32500 392500 392500 391250 130833 (Minimum) 115 Dhoincha 830 300 3200 2600 3250 10180 10180 50900 1697

52
Annexure „F‟
Crop Production Calendar and Payment Schedule: 2014-2015 Sl.
No.
Name of the Crop Production Season Loan Payment Loan Disbursement Date Period Harvesting Period 1 2 3 4 5 (A) Cereal Crops:
1 Aush (HYV) 1 February-31 May 1 July- 31 August 31 December 2 Aush (Local) 1 March-30 April 1 July- 31 July 31 December 3 Planted Amon (HYV) 1 June-30 September 1 November-31 December 31 March 4 Planted Amon (Local) 1 June-30 September 1 November-31 December 31 March 5 Sowed Amon (Local) 1 March- 30 May 1 November-31 December 28 February 6 Boro (Hybrid/HYV) 15 October- 15 March 1 May- 30 June 30 September 7 Boro (Local) 1 October- 31 March 1 April- 30 June 30 September 8 Wheat (Irrigated) 1 November- 15 December 31 January- 1 March 30 June 9 Kaun 1 October- 14 November 14 February- 13 April 15 June 10 Millet (Sorgom) 1 October- 14 November 14 February- 13 April 15 June 11 Bajra(Palmillet) 1 October- 14 November 14 February- 13 April 15 June 12 Barley or Job 1 October- 14 November 14 February- 13 April 15 June 13 China 1 October- 14 November 14 February- 13 April 15 June 14 Maize (kharif) 1 March- 30 April 1 June- 31 July 31 August 15 Maize (Rabi) 1 October-14 November 14 February- 13 April 15 June (B)Cash Crops:
16 Jute 15 February- 30 April 15 June- 15
September
15 November
17 Shan Jute 15 February- 15
March
15 June- 15
September
15 November
18 Sugarcane 1 October- 31 March 1 November- 28 February 31 March 19 Betel-leaf Throughout the year Throughout the year Next 6 Months 20 Cotton (American) 1 July- 30 September 15 December- 15 March 30 April 21 Cotton (Comilla Hilly) 1 April- 31 May 15 November-31 December 31 March NB: Loan disbursement time can be rationally extended based on regional differences in ideal planting time and delay of planting due to natural calamity.

53
Sl.
No.
Name of the Crop Production Season Loan Payment Loan Disbursement Period Harvesting Period Date 1 2 3 4 5 (C) Vegetables:
22 Bean 1 August- 30
September
1 November- 28
February
30 June
23 Red Amaranth 15 January- 15
September
15 November- 28
February
30 June
24 Spinach 15 January- 31
December
1 October- 31
March
30 September
25 Bindweed 1 November-31
December
1 April- 31 May 31 July
26 Bottle-guard 15 October- 15
November
1 January- 31
March
30 June
27 Radish 1 October- 30
November
1 January- 28
February
30 June
28 Cauliflower 1 October- 30
November
1 January- 28
February
30 June
29 Cabbage 1 October- 30
November
1 January- 28
February
30 June
30 Kohlrabi 1 November- 31
December
1 January- 28
February
30 June
31 Turnip 1 October- 30
November
1 January- 28
February
30 June
32 Carrot 1 October- 30
November
1 February- 31
March
30 June
33 Garden pea 1 October- 30
November
1 February- 31
March
30 June
34 Yard long bean 15 January- 14 March 14 April- 15 September 30 June 35 Lettuce 1 October- 30 November 1 February- 31 March 30 June 36 Ladies Finger Throughout the year Throughout the year Next 3 Months 37 Brinjal Throughout the year Throughout the year Next 3 Months 38 Tomato 15 August- 31 December 1 October- 31 Mach 30 April 39 Tomato (summer) 1 February-31March 1 April- 31 May 30 November 40 Cucumber 1 February-31March 1 April- 31 May 30 November 41 Bitter Gourd Throughout the year Throughout the year Next 6 Months 42 Pointed Gourd 15 October- 30 November 15 March- 30 April 30 June 43 Pumpkin Throughout the year Throughout the year Next 3 Months 44 Ash Gourd Throughout the year Throughout the year Next 3 Months 45 Bitter Gourd Throughout the year Throughout the year Next 6 Months 46 Teasle Gourd 1 March- 31 March 31 May- 30 June 30 November 47 Ridge Gourd 1 February- 31 March 1 April- 31 May 30 November NB: Loan disbursement time can be rationally extended based on regional differences in ideal planting time and delay of planting due to natural calamity.

54
Sl.
No.
Name of the Crop Production Season Loan Payment Loan Disbursement Date Period Harvesting Period 1 2 3 4 5 48 Snake Gourd 1 February- 31 March 1 April- 31 May 30 November 49 Dhundhol 1 February- 31 March 1 April- 31 May 30 November 50 Indian Spinach 1 February- 31 March 1 April- 31 May 30 November 51 Stem Amaranth Throughout the year Throughout the year Next 1 Month 52 French Bean 1 October- 30 November 1 January- 28 February 30 June (D) Spices:
53 Pepper Throughout the year Throughout the year Next 3 Months 54 Onion 1 November- 31 December 1 April- 31 May 31 July 55 Garlic 1 November- 31 December 1 April- 31 May 31 July 56 Ginger 1 November- 30 June 1 April- 30 November 31 January 57 Turmeric 1 March- 31 April 1 December- 31 January 30 June 58 Coriander 15 February- 13 April 13 February- 14 March 15 June 59 Onion (Seed) October- November March- April Next 3 Months 60 Cumin 1 October- 31 December 15 November- 28 February 30 June (E)Fruits:
61 Papaw* 1 February- 31 March 15 September- 15 November 28 February 62 Banana* 1 February- 31 March 15 September- 30 November 31March 63 Pineapple 16 March- 14 May 15 March- 14 May (Next year) 14 November (Next year) 64 Watermelon 15 October- 31 January 1 March- 15 June 31 October 65 Bangi/Futti 1 February- 16 March 1 May- 16 June 31 October 66 Mango 15 April- 15 July 1 April- 15 August 15 July (harvesting year) 67 Litchi February- March May- June August- September (harvesting year) 68 BAUkul/Applekul January- February March- April March-April (harvesting year) 69 Orange April- May For new garden: 4-5 years later in December and for old garden in December of concerned year January-February (next Year) 70 Strawberry October- November February-March Next Year from Harvesting Month 71 Lemon 15 April- 15 July 15 May- 15 August 15 July (Next year) *Loan can be given all the year round.

55
Sl.
No.
Name of the Crop Production Season Loan Payment Date Loan Disbursement Period Harvesting Period 1 2 3 4 5 72 Bermese Grape 15 April- 15 July 15 April-15 August 15 August (harvesting year) 73 Guava 1 June -30 August 15July-30 August 1 October (next Year) 74 Sweet Orange May- June December- January September- October 75 Sapota May-June July- August February- March (next year) 76 Hog Plum May-June September- October November￾December (F) Root Crops:
78 Potato (HYV) 1 September- 31
December
1 February- 31 March 30 August
79 Potato (Local) 1 September- 31
December
1 February- 31 March 30 August
80 Sweet Potato 1 September- 31
December
1 April- 31 May 31 August
81 Aroid 1 January-28 February 1 August- 30
September
31 December
82 Pani Kochu January- February December￾January May- June (next year) 83 Owl Kochu January- February December￾January May- June (next year) (G) Oil Seeds:
84 Mustard (HYV) 1 October -30
November
15 January- 31
March
30 June
85 Mustard (Local) 1 October -30
November
15 January- 31
March
30 June
86 Groundnut (Kharif) 1 January- 31 March 1 August- 30 September 31 December 87 Groundnut (Rabi) 1 October -30 November 1 April- 31 May 31 August 88 Sunflower 1 October -15 November 1 February- 31 March 31 July 89 Sesame (Kharif) 1 February- 13 April 1 June- 30 June 30 November 90 Sesame (Rabi) 1 October -30 November 1 January- 15 March 30 June 91 Gorjon Sesame 1 October -14 December 15 January- 15 March 31 July 92 Soft Flower 1 October -14 December 15 January- 15 March 31 July NB: Loan disbursement time can be rationally extended based on regional differences in ideal planting time and delay of planting due to natural calamity.

56
Sl.
No.
Name of the Crop Production Season Loan Payment Loan Disbursement Period Harvesting Period Date 1 2 3 4 5 (H) Pulses:
93 Mungbean (Kharif-1) 1 March- 15 April 13 May- 1 July 1 October 94 Mungbean (Rabi) 1 October- 15 November 15 December- 28 February 1 August 95 Blackgram ( Kharip) 15 May- 14 July 15 August- 15 October 1 January 96 Blackgram (Rabi) 15 October- 30 November 7 January- 28 February 31 July 97 Chickpea 15 October- 30 November 15 March- 30 April 30 June 98 Aurhor 15 October- 30 November 15 March- 30 April 31 July 99 Lentil 1 October- 30 November 14 January - 14 March 14 May 100 Grasspea 1 October- 30 November 15 January - 14 March 14 May 101 Pea 15 October- 30 November 15 March- 30 April 31 July 102 Cowpea 15 October- 30 November 15 March- 30 April 31 July 103 Soybean (Kharif) 15 July- 30 September 1 November- 31 January 30 June 104 Soybean (Rabi) 1 November- 31 January 1 March- 31 May 31 October (I) Flowers:
105 Gerbera September- December December- November May-June 106 Rose October- February February- March May-June 107 Gladiolus September- January January- December May-June 108 Tuberose October- February December- January May-June 109 Marigold October-December May-June January-June May-December March-April August-September (J) Other Crops:
110 Agor May-June After 15-20 Years After 15-20 Years 111 Apiculture November-December 15 February/15 June From honey collecting month 112 Oil Pum June-July After 5-7 years After Harvesting 113 Mushroom seed production Throughout the Year Throughout the Year After Harvesting 114 Mushroom production Throughout the Year Throughout the Year After Harvesting 115 Dhoincha April-May July- August 31 December NB: Loan disbursement time can be rationally extended based on regional differences in ideal planting time and delay of planting due to natural calamity.

57

1. Production Cost of Mushroom Seed ( Spawn)
   Sl.
   No.
   Crop Production cost of 25000 packets spawn Total cost AutoClev (03 nos.) Clean Bench (1nos.) Air Conditio ner (3 nos.) Iron rack (20 nos.) Runni ng cost Labor (6me n) Electr icity & others 1 Mushroom Seed 150000 100000 180000 300000 250000 39000 86667 1105667 Requirements for Mushroom Seed Production:
    Laboratory Building (3000sq ft)
    3000 sq ft open space
    For rented land 3 years rent contract form is necessary  Vehicles transportation facilities  Electricity connection  Training from National Mushroom Development and Extension Centre or institute of Department of Agricultural Extension. Loan Timeframe: Throughout the Year
2. Production Cost of Mushroom
   Sl.
   No.
   Crop For 500 Kg Mushroom/month Comment
   Iron rack
   (20 nos.)
   Running cost
   Labor
   (3men)
   Total cost
   1 Mushroom 300000 60000 32500 392500 Running cost facility will be set in next month Requirements for Mushroom Production:
    Cultivation House (3000sq ft)
    1000 sq ft open space
    For rented land 3 years rent contract form is necessary  Vehicles transportation facilities  Electricity connection  Training from National Mushroom Development and Extension Centre or institute of Department of Agricultural Extension. Loan Timeframe: All the Year round.

58
Annexure „G‟
Credit Norms of Crop Production: 2014-2015
Annual Production Plan of Crop arrangement/ mixed crop/ Relay cultivation Crop (per acre) Credit limit in Taka (per acre) Sl. no. Crop arrangement Kharif-2 Rabi Kharif-1 Total Crop intensity 1 Planted Amon (HYV)- Potato- Boro (HYV) Planted Amon (HYV) 32942 Potato- Boro (HYV) 59840+43881 --- 92722 300% 2 Planted Aush (HYV)- Potato￾Sowed Amon Planted Amon (HYV) 32942 Potato 59840 Sowed Aush (HYV) 31815 124597 300% 3 Potato-panikochu --- Potato 59840 Panikochu 37012 96852 200% 4 Wheat- Mungbean￾Planted Amon (HYV)- Planted Amon (HYV) 32942 Wheat 37549 Mungbean 16164 87455 300% 5 Maize(Rabi)-Dhoincha￾Planted Amon (HYV) Planted Amon (local) 26305 Maize 35376 Dhoincha 10180 71861 300% 6 Boro(HYV)-Planted Amon (HYV) Planted Amon (HYV) 32942 Boro(HYV) 43881 --- 76823 200% 7 Blackgram (Rabi)- Maize(kharif) --- Blackgram 14251 Maize(kharif) 31476 45727 200% 8 Wheat-Jute- Planted Amon (HYV) Planted Amon (HYV) 32942 Wheat 37549 Jute 28980 99471 300% 9 Potato- Sowed Amon --- Potato 59840 Sowed Amon 22741 82581 200% 10 Planted Amon (local)-Potato￾Dhoincha Planted Amon (local) 26305 Potato 59840 Dhoincha 10180 96325 300% 11 Potato-Aroid(Mukhi) --- Potato 59840 Aroid 26588 86428 200% 12 Planted Amon (HYV)- Sunflower - Mungbean Planted Amon (HYV) 32942 Sunflower 21009 Mungbean 16164 70115 300% 13 Planted Amon (HYV)- Sunflower - Dhoincha Planted Amon (HYV) 32942 Sunflower 21009 Dhoincha 10180 64131 300% 14 Planted Amon (HYV)- Mustard -Dhoincha Planted Amon (HYV) 20500 Mustard 22960 Dhoincha 2700 53640 300% 15 Cotton-Chickpea Cotton 35396 Chickpea 15521 --- 50917 200% 16 Blackgram￾Mungbean-Planted Aush Blackgram 14251 Mungbean 16164 Sowed Aush (HYV) 31815 62230 300% 17 Mustard- Planted Aush --- Mustard 22966 Sowed Aush (HYV) 31815 54781 200% 18 Blackgram- Mustard￾Lentil-Aush(local) Blackgram 14251 Mustard+Lentil 22966+17256 Aush (local) 26416 80889 300% 19 Planted Amon (local)- Mustard￾Boro (HYV) Planted Amon (local) 26305 Mustard 22966 Boro (HYV) 43881 93152 300% 20 Planted Amon (local)- Mustard - Dhoincha Planted Amon (local) 26305 Mustard 22966 Dhoincha 10180 59451 300% 21 Sesame (Rabi)- Aush(HYV) --- Sesame (Rabi)- 20925 Aush (HYV) 31815 52740 200% 22 Sweet Potato- Kaun --- Sweet Potato 28421 Kaun 19350 47771 200%

59
Sl. no.
Crop arrangement Kharif-2 Rabi Kharif-1 Total Crop intensity 23 Planted Amon (HYV)- Potato- Maize (Kharif) Planted Amon (HYV) 32942 Potato 59840 Maize 31076 123858 300% 24 Planted Amon (HYV)- Mustard –Aush(HYV) Planted Amon (HYV) 32942 Mustard 22966 Aush (HYV) 31815 87723 300% 25 Planted Amon (local)- Mustard –Planted Aush(HYV) Planted Amon (local) 26406 Mustard 22966 Aush (HYV) 31815 81187 300% 26 Radish-Potato-Jute Radish 24633 Potato (HYV) 59840 Jute 28980 113453 300% 27 Planted Amon (HYV)- Potato –Aush(HYV) Planted Amon (HYV) 32942 Potato (HYV) 59840 Aush (HYV) 31815 124597 300% 28 Mustard- Jute --- Mustard 22966 Jute 28980 51946 200% 29 Potato- Jute --- Potato (HYV) 59840 Jute 28980 88820 200% 30 Planted Amon (HYV)- Potato(local)- Boro (HYV) Planted Amon (HYV) 32942 Potato(local)- Boro (HYV) 37050+43881 --- 113873 300% 31 Lentil- Jute --- Lentil 17256 Jute 28980 46236 200% 32 Lentil+Mustard-Jute --- Mustard+Lentil 23170+17256 Jute 28980 69406 300% 33 Mungbean-Lentil-Jute Mungbean 16200 Lentil 17256 Jute 28980 62436 300% 34 Planted Amon (local)- Lentil-Jute Planted Amon (local) 26406 Lentil 17256 Jute 28980 72642 300% 35 Radish-Lentil-Jute Radish 24633 Lentil 17256 Jute 28980 70869 300% 36 Sowed Amon- Mustard –Sowed Aush --- Mustard 22966 Sowed Amon+ Aush(local) 22741+26416 72123 300% 37 Sesame – Sowed Aush --- Sesame 21050 Aush (local) 22741 43791 200% 38 Planted Amon (HYV)- Soyabean-Jute Planted Amon (HYV) 32942 Soyabean 17680 Jute 28980 79602 300% 39 Muastard-Sowed Aush-Sowed Amon --- Mustard 22966 Sowed Amon+ Sowed Aush 26416+22741 72123 300% 40 Mungbean-Wheat-Jute Mungbean 16200 Wheat 37549 Jute 28980 82729 300% 41 Blackgram- Lentil￾Sowed Aush Blackgram 14251 Lentil 17256 Aush (HYV) 31815 63322 300% 42 Planted Amon (local)- Chickpea- Jute Planted Amon (local) 26406 Chickpea 15526 Jute 28980 70912 300% 43 Groundnut- Sowed Aush --- Groundnut 23855 Aush (local) 26416 50271 200% 44 Planted Amon (HYV)- Sweet Potato - Dhoincha Planted Amon (HYV) 32942 Sweet Potato 23855 Dhoincha 10180 71722 300% 45 Planted Amon (HYV)- Soyabean￾Aush(HYV) Planted Amon (HYV) 32942 Soyabean 17680 Aush (HYV) 31815 82437 300% 46 Planted Amon (HYV)- Sweet Potato Planted Amon (HYV) 32942 Sweet Potato 28600 --- 61542 200% 47 Jute- Pepper --- Pepper 33190 Jute 28980 62170 200% 48 Potato- Pepper --- Potato 59840 Pepper 33190 93030 200% 49 Onion- Planted Amon Planted Amon (HYV) 32942 Onion 45579 --- 78521 200%

60
Sl. no.
Crop arrangement
Kharif-2 Rabi Kharif-1 Total Crop intensity
50 Garlic-Planted
Amon
Planted
Amon
32942
Garlic 51527 --- 84469 200%
51 Watermelon￾Sowed Amon
--- Water melon
35829
Sowed Amon
22741
58570 200%
Mixed Crop:
52 Lentil+ Mustard --- Lentil+ Mustard
17256+ 22966
--- 40222 200%
53 Sugarcane+ Potato --- Sugarcane+
Potato 45903+
59850
--- 105753 200%
54 Sugarcane+
Mustard
--- Sugarcane+
Mustard 45903+
22966
--- 68869 200%
55 Sugarcane+ Lentil --- Sugarcane+
Lentil 45903+
17256
--- 63159 200%
56 Sugarcane+
Chickpea
--- Sugarcane+
Chickpea45903+
15521
--- 61424 200%
57 Sugarcane+
Soyabean
--- Sugarcane+
Soyabean45903+
23677
--- 69580 200%
58 Sugarcane+
Groundnut
--- Sugarcane+
Groundnut
45903+ 23775
--- 69678 200%
59 Sweet Orange +
Turmeric
Sweet
Orange
39280
--- Turmeric
104503
144890 200%
60 Sapota+ Turmeric Sapota
34510
--- Turmeric
104503
139013 200%
61 Hog Plum+
Turmeric
Hog plum
31892
--- Turmeric
104503
136395 200%
62 Coconut+
Turmeric
Coconut
36380
--- Turmeric
104503
150880 200%
Relay Cultivation:
63 Planted Amon+
Mustard
Planted
Amon (local)
26305
Mustard
3950
--- 30255 200%
64 Planted Amon+
Grasspea
Planted
Amon (local)
26305
Grasspea
4750
--- 31055 200%
65 Planted Amon+
Lentil
Planted
Amon (local)
26305
Lentil 5000 --- 31305 200%
Other Crops:
66 Onion seed￾Mungbean- Planted
Amon (HYV)
Planted
Amon (HYV)
32942
Onion seed
91181
Mungbean 16164 140287 300%
67 Strawberry- Ladies
Finger-Indian
Spinach
Indian
Spinach
24440
Strawberry
146237
Ladies Finger
21673
192350 300%
68 Orange Orange
59051
--- --- 59051 100%
69 Agor Agor 55705 55705 100%

61
Sl. no.
Crop arrangement
Kharif-2 Rabi Kharif-1 Total Crop intensity
70 Apiculture --- Apiculture
191600
--- 191600 100%
71 Oil Pum Oil Pum
41750
--- --- 41750 100%
72 Gerbera --- Gerbera
1838330
--- 1838330 100%
73 Rose --- Rose 509226 --- 539220 100%
74 Gladiolus --- Gladiolus
344907
--- 344907 100%
75 Tuberose --- Tuberose
98302
--- 98302 100%
76 Marigold --- Marigold
124840
--- 114840 100%
77 Mushroom seed production
Mushroom seed production
1114000
--- --- 1114000 100%
78 Mushroom production
Mushroom production
392500
--- --- 392500 100%

62
Annexure „H‟
Credit Norms for Crop-based Seed Production: The Fiscal Year 2014-2015 SL No. Name of the Crop Production Cost Per Acre (Tk.) Balan ced Fertili zer Seed Irrigati on Macha/ Case/ Column Pesticide Land Preparat ion Mechan ized/ traditio nal Labor Season Wise Rent for crop production Prunnin g Cost Drying/Grad ing/Cleaning / Transportati on Cost Seed Refinni ng Cost Seed Preserv ation Cost Total Amoun t of Credit per Acre Amoun t of credit (maxim um) Amount of credit for minimum
0.50 bigha of
land per borrower
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18
Cereal Crop(HYV)
1 Planted Amon
(HYV)
5850 500 1200 0 750 3200 15000 6000 4500 7360 1000 4800 50160 50160 250800 8360 2 Boro (HYV) 6300 680 6000 0 750 3200 20000 6000 4500 7360 1000 4800 60590 60590 302590 10098 3 Wheat (Irrigated) 10750 2160 2400 0 200 3200 12500 6000 300 7360 1000 4800 53370 53370 266850 8895 Cash Crop:(HYV) 4 Jute 8400 300 500 4000 12500 3000 4500 1150 200 750 35300 5883 Spices(HYV) 5 Pepper 9300 195 1200 0 600 4000 12500 5000 3750 575 100 375 37595 6265 6 Onion (Bulb) 9400 18250 1200 0 500 4800 6250 5000 3750 16150 2550 12750 80600 80600 403000 13433 7 Garlic 10000 24000 1200 0 500 4800 6250 5000 3750 9880 1560 7800 74740 74740 373700 12456 8 Onion (Seed) 9540 47500 2400 0 3000 3200 18750 6000 3750 1380 180 900 96600 16100 Vegetables:(HYV) 9 Bean 7600 660 1200 12000 600 3200 10000 5000 1500 1150 150 750 43810 7301 10 Red Amaranth 7350 300 600 0 300 3200 5000 3000 1500 460 60 300 22070 3678 11 Spinach 6950 128 600 0 300 3200 5000 3000 1500 1380 180 900 23138 4690 12 Bindweed 8200 135 600 0 300 3200 5000 3000 1500 1150 150 750 23985 3997 13 Bottle-guard 8500 125 600 18000 300 3200 5000 5000 1500 920 120 200 43465 7244 14 Radish 9500 188 1200 0 500 3200 5000 5000 1500 1150 150 750 28138 4690 15 Yard long bean 7450 1200 600 4500 500 3200 6250 5000 1500 1380 180 900 32660 5443 16 Brinjal 8950 100 1800 0 1500 3200 6250 5000 1500 230 30 150 28710 4785 17 Bitter Gourd 8000 1030 2400 12000 500 3200 6250 5000 1500 460 60 300 40700 6783 18 Ladies Finger 8500 240 1200 0 500 3200 5000 3000 1500 1150 150 750 25190 4198 19 Indian Spinach 7700 400 1200 0 500 3200 6250 5000 1500 690 90 450 26980 4496 20 Stem Amaranth 8100 100 600 0 400 3200 6250 3000 1500 460 60 300 23970 3995

63
SL
No.
Name of the Crop
Production Cost Per Acre (Tk.)
Bal anc ed
Fer tili zer
Seed Irrigat ion
Mach a/
Case/
Colu mn
Pestici de
Land
Prepar ation
Mech anized
/ traditi onal
Labor
Season
Wise
Rent for crop producti on
Prunni ng
Cost
Drying/Gr ading/Cle aning/
Transport ation Cost
Seed
Refin ning
Cost
Seed
Preser vation
Cost Total
Amou nt of
Credit per
Acre
Amou nt of credit
(maxi mum)
Amount of credit for minimum
0.50 bigha
of land per borrower
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18
Root Crops:(HYV)
21 Potato
(HYV)
9430 2840
0
1800 0 3000 3200 8750 5000 3750 29792 4704 23520 12134 6 12134 6 30336 5 20224 Oil Seeds:(HYV) 22 Mustard (HYV) 9120 200 600 0 500 3200 6250 3000 3000 2024 264 1320 29478 29478 14739 0 4913 23 Soybean (Rabi) 2380 210 0 1200 0 500 3200 5000 3000 3000 3220 420 2100 26120 26120 13060 0 4353 24 Groundnut (Rabi) 2595 286 0 1200 0 500 3200 10000 3000 3000 1840 240 1200 29635 29635 14817 5 4939 25 Sunflower 9030 300 1200 0 500 3200 3750 3000 3000 2990 390 1950 29310 4885 Pulses:(HYV) 26 Mungbean (Kharif-1) 163 0 720 600 0 500 3200 6250 3000 3000 1840 250 1200 22190 22190 11095 0 3698 27 Mungbean (Rabi) 163 0 720 600 0 500 3200 6250 3000 3000 1840 250 1200 22190 22190 11095 0 3698 28 Blackgra m ( Kharip) 720 1020 600 0 500 3200 5000 3000 3000 1840 250 1200 20330 20330 10165 0 3388 29 Chickpea 171 0 1320 600 0 500 3200 5000 3000 3000 1840 250 1200 21620 21620 10810 0 3603 30 Lentil 221 0 1232 600 0 500 3200 6250 3000 3000 1840 250 1200 23282 23282 11641 0 3880 31 Grasspea 740 1000 600 0 500 3200 6250 3000 3000 1840 250 1200 21580 21580 10790 0 3596 NB: Credit Can be given to maximum 1 acre for jute, papper, onion (seed), vegetables and sunflower; to maximum 2.5 acre for potato and to maximum 5 acre for other crop seed production.

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65
Annexure „I‟
Credit Calendar for Crop-based Seed Production: The Fiscal Year 2014-2015 Sl No. Name of the Crop Production Season Scheduled Repay Time Credit Disbursement Period Harvesting Period 1 2 3 4 5 Cereal Crop 1 Planted Amon (HYV) 1 June-30 September 1 November-31 December 1 July-31July 2 Boro (HYV) 15 October-15 March 1 May-30 June 1 December -31 December 3 Wheat (Irrigated) 1 November -15 December 31 January- 1 March 1 October -31 October Cash Crop 4 Jute 15 February-30 April 15 June-15 September 15 March-15 April Spices 5 Pepper All the Year All the Year 6 months next to harvesting 6 Onion (Bulb) 1 November-31 December 1 April-31 May 1 November -30 November 7 Garlic 1 November -31 December 1 April -31 May 1 November -30 November 8 Onion (Seed) October - November March -April 6 months next to harvesting Vegetables 9 Bean 1 August-30 September 1 November -28 February 1 August -30 August 10 Red Amaranth 15 January - 15 September 1 November -28 February 1 August -30 August 11 Spinach 15 January -31 December 1 November -31 March 1 September -30 September 12 Bindweed 1 November -31 December 1 April-31 May 1 November -30 November 13 Bottle-guard 15 October -15 November 1 January -31 March 1 September -30 September 14 Radish 1 October -30 November 1 January -28 February 1 August -30 August 15 Yard long bean 15 January -14 March 14 April-15 September 15 March -15 April- (Next Year) 16 Brinjal All the Year All the Year 6 months next to harvesting 17 Bitter Gourd All the Year All the Year 6 months next to harvesting 18 Ladies Finger All the Year All the Year 6 months next to harvesting 19 Indian Spinach 1 February-31 March 1 April-31 May 1 November -30 November 20 Stem Amaranth All the Year All the Year 6 months next to harvesting Root Crops 21 Potato (HYV) 1 September -31 December 1 February -31 March 1 August -30 August

66
Credit Calendar for Crop-based Seed Production: The Fiscal Year 2014-2015 Sl No. Name of the Crop Production Season Scheduled Repay Time Credit Disbursement Period Harvesting Period 1 2 3 4 5 Oil Seeds 22 Mustard (HYV) 1 October -30 November 15 January -31 March 1 August -30 August 23 Soybean (Rabi) 1 October -30 November 1 March 31 May 1 November -30 November 24 Groundnut (Rabi) 1 October -30 November 1 April-31 May 1 November -30 November 25 Sunflower 1 October -15 November 1 February -31 March 1 September -30 September Pulses 26 Mungbean (Kharif-1) 1 March 15 April 13 May-1 July 1 December -31 December 27 Mungbean (Rabi) 1 October -15 November 15 December -28 February 1 August -30 August 28 Blackgram ( Kharip) 15 May-14July 15 August -15 October 15 April--15 May 29 Chickpea 15 October -30 November 15 March -30 April 15 October -15 November 30 Lentil 1 October -30 November 14 January -14 March 15 September -14 October 31 Grasspea 1 October -30 November 15 January -14 March 15 September -14 October