90pc agriculture loan disbursed in nine months

All specialized, state-owned and private commercial banks, including foreign commercial banks operating in the country, have already disbursed 90.09 per cent agriculture and non-farm rural credit in past nine months from July 2016 to March 2017, reports BSS.
The schedule banks have already disbursed a total of Tk 15,810.42 crore till March while the target is Tk 17,550 crore for the current fiscal 2016-17, BB sources said.
Foreign and private commercial banks have shown better performance than the public banks during the period.
All state-owned and commercial banks have disbursed 80.26 per cent loan of their total target while foreign and private commercial banks have disbursed 101.14 per cent of their target Tk 8260 crore.
Six state-owned commercial banks - Agrani, Janata, Rupali, Sonali, BASIC and BDBL and two state-owned specialised banks - Bangladesh Krishi Bank and RAKUB have disbursed Tk 7456.09 crore of their target Tk 9290 crore. But the foreign and private commercial banks have disbursed Tk 8354.33 crore of their target Tk 8260 crore.
“The trends of recent credit disbursement indicate that the disbursement target for the current fiscal is likely to exceed,” BB chief spokesperson Subhankar Saha told BSS.
Subhankar Saha said the country has been able to exceed the agriculture loan disbursement target in the last couple of years due to the BB’s strict monitoring over the firm loan disbursement trend of the schedule banks. Every month, BB holds a meeting with scheduled banks to expedite agriculture loan disbursement activities, he added.
BB’s disbursement target was Tk 14,595 crore for 2013-14 fiscal, but the disbursement surpassed the target and stood at Tk 16,037 crore.
Fiscals 2014-‘15 and 2015-‘16 also followed the similar trend with disbursement of Tk 15,978 crore and 17,646 crore against the targets of Tk 15,550 crore and Tk 16,400 crore respectively.
According to the BB data, the disbursement of agricultural credit and non-farm rural credit has increased by 11.96 per cent during July-March in 2016-‘17 compared to that in the corresponding period in 2015-‘16.

 

90pc agriculture loan disbursed in nine months

All specialized, state-owned and private commercial banks, including foreign commercial banks operating in the country, have already disbursed 90.09 per cent agriculture and non-farm rural credit in past nine months from July 2016 to March 2017, reports BSS. The schedule banks have already disbursed a total of Tk 15,810.42 crore till March while the target is Tk 17,550 crore for the current fiscal 2016-17, BB sources said. Foreign and private commercial banks have shown better performance than the public banks during the period. All state-owned and commercial banks have disbursed 80.26 per cent loan of their total target while foreign and private commercial banks have disbursed 101.14 per cent of their target Tk 8260 crore. Six state-owned commercial banks - Agrani, Janata, Rupali, Sonali, BASIC and BDBL and two state-owned specialised banks - Bangladesh Krishi Bank and RAKUB have disbursed Tk 7456.09 crore of their target Tk 9290 crore. But the foreign and private commercial banks have disbursed Tk 8354.33 crore of their target Tk 8260 crore. The trends of recent credit disbursement indicate that the disbursement target for the current fiscal is likely to exceed, BB chief spokesperson Subhankar Saha told BSS. Subhankar Saha said the country has been able to exceed the agriculture loan disbursement target in the last couple of years due to the BBs strict monitoring over the firm loan disbursement trend of the schedule banks. Every month, BB holds a meeting with scheduled banks to expedite agriculture loan disbursement activities, he added. BBs disbursement target was Tk 14,595 crore for 2013-14 fiscal, but the disbursement surpassed the target and stood at Tk 16,037 crore. Fiscals 2014-15 and 2015-16 also followed the similar trend with disbursement of Tk 15,978 crore and 17,646 crore against the targets of Tk 15,550 crore and Tk 16,400 crore respectively. According to the BB data, the disbursement of agricultural credit and non-farm rural credit has increased by 11.96 per cent during July-March in 2016-17 compared to that in the corresponding period in2015-16.