‘Give fresh loan to farmers stopping agri loan recovery in haor areas’: BB to schedule banks

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Dhaka, April 24: Bangladesh Bank (BB) on Monday has postponed agriculture credit recovery from haor areas due to widespread damages in the areas caused by flashfloods.

“The credit recovery remains postponed until the situation is improved,” a circular issued by BB on Monday said.

The BB also asked the banks to provide facilities for re-scheduling the credit through relaxation down payment or easy installments.

It also instructed the scheduled banks to provide new credits in different crops including planted aman and fisheries considering the real situation of the area.

Moreover, the central bank asked the commercial banks to provide credit at concessional interest rate for robi crops and import alternative crops such as pulses, oilseeds, corns and spices.

The BB asked the banks to provide necessary credit to affected farmers for rearing poultry birds, cattle and purchasing fodder.

Through another circular, the BB also asked all scheduled banks and financial institutions to provide financial assistance and reliefs (food, clothes, pure drinking water and medicines) among the flood affected people in haor areas under their Corporate Social Responsibility (CSR) activities.