Rajshahi Krishi Unnayan Bank (RAKUB) will disburse Tk 2,300 crore agri-loans in the country’s northwest (NW) region during the current 2019-20 fiscal year to facilitate increasing crop production and enhance rural economy.

The specialised commercial bank will disburse the loans through its 381 branches in all 16 districts under Rajshahi and Rangpur divisions, Public Relation Officer of the bank Md Jamil told the news agency on Tuesday.

Target has also been set to recover loans of Tk 2,300 crore including classified loans worth Tk 778.23 crore and raise deposit collection to Tk 1,000 crore, he said.

All the zonal and branch managers were asked to infuse more dynamism into its all business activities including loan disbursement, recovery especially the classified loan and deposit collection for benefits of both the bank and clients, he said.

The official said the bank disbursed loan of Tk 2,358.98 crore, recovered Tk 2,528.79 crore including classified loans worth Tk 346.64 crore in 2018-19 fiscal while it had also deposit money worth

Tk 297.94 crore.