Banks to provide Tk35,000 crore in loans to farmers in FY24 | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Saturday
July 12, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
SATURDAY, JULY 12, 2025
Banks to provide Tk35,000 crore in loans to farmers in FY24

Banking

TBS Report
06 August, 2023, 02:05 pm
Last modified: 06 August, 2023, 05:15 pm

Related News

  • Global Islami Bank incurs Tk1,308cr loss in 2024
  • Stricter provisioning on losses from share, bond, and subsidiary investments by financial institutions
  • Farms closing daily as prices sink below costs, Poultry Association warns
  • Govt has no interference in Bangladesh Bank affairs: Finance adviser
  • Banks to remain open for transactions till 6pm today

Banks to provide Tk35,000 crore in loans to farmers in FY24

TBS Report
06 August, 2023, 02:05 pm
Last modified: 06 August, 2023, 05:15 pm
Agricultural & Rural Credit Policy and Programme. Photo: Collected
Agricultural & Rural Credit Policy and Programme. Photo: Collected

Commercial banks in the country have allocated Tk35,000 crore for loans to farmers in the current fiscal year 2023-24 to increase agricultural production. The new allocation is 13.60% more than the last fiscal year. In the last financial year, the target for agricultural loans was Tk30,811 crore.

Bangladesh Bank Deputy Governor AKM Sajedur Rahman Khan announced the news Agricultural & Rural Credit Policy and Programme on Sunday (6 August). 

Considering the demand for agricultural and rural loans, the state-owned commercial and specialised banks have set a target of Tk12,030 crore, private banks Tk21,923 crore and foreign commercial banks Tk1,047 crore in the current fiscal year.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

In the last fiscal year 2022-23, banks disbursed a total of Tk32,830 crore in agricultural and rural loans, which is 106.55% of the total target for the financial year.

According to Bangladesh Bank, a total of 33,04,811 people got agricultural and rural loans in the last fiscal year. Of these, 3,618,545 loans were available through banks' own networks and MFI linkages.  As many as 18,81,933 women have received agricultural and rural loans worth Tk12,752 crore.

Besides, 27,36,087 small and marginal farmers received Tk22,402 crore from various banks and 3,449 farmers from char, haor and other backward areas received Tk18 crore in the last fiscal year.

In light of evolving global conditions and the imperative of food security, banks are mandated to prioritise lending to the agricultural sector.

Beyond the target of commercial banks, Bangladesh Samabaya Bank Limited and Bangladesh Rural Development Board (BRDB) set a target of Tk26 crore and Tk1,423 crore from their own financing respectively.

Banks will be able to use their own network (branches, sub-branches, agent banking, contract farming, group loan disbursement) and bank-MFI linkages to achieve the target of disbursement of loans.

In this case, the amount of loan disbursed through the bank's own network should be at least 50% of the target. Previously was 30%.

Under the Agricultural & Rural Credit Policy and Programme, loans will have to be disbursed to new farmers on priority basis. The maximum limit for loans for income-generating activities in rural areas will be Tk5 lakh. 

In the fisheries sector, a minimum of 13% of the target and in the livestock sector, a minimum of 15% of the target have to be disbursed, the BB added.

Top News

Farmers / Banking / Bank Loans

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • RAB Director General AKM Shahidur Rahman speaks at the press briefing on a fake bomb threat on Biman Bangladesh flight on Saturday, 12 July 2025. Photo: TBS
    Mother faked bomb threat on Biman flight to stop married son from flying to Kathmandu with girlfriend: RAB
  • Jubo Dal President Abdul Monayem Munna and other leaders of BNP's affiliate wings at a press conference at Nayapaltan office in Dhaka on Saturday. Photo: TBS
    Mitford murder: Jubo Dal accuses police of intentional neglect, demands arrest of ‘3 real killers’
  • Caught between a rock and a hard place. Cartoon: TBS
    Bangladesh's Trump tariff dilemma: Caught between a rock and a hard place?

MOST VIEWED

  • Representational image
    In addition to 35% tariff, US demands 40% local value addition for 'Made in Bangladesh' goods
  • Screengrab blurred
    Killers bash in head of man with rock, stomp body with perverse pleasure
  • How tender rules and a lone bidder stall a $2.5b power plant
    How tender rules and a lone bidder stall a $2.5b power plant
  • Economist Abul Barkat; Photo: Courtesy
    Economist Abul Barkat arrested in graft case
  • Photo: UNB
    WHO's Saima Wazed Putul 'placed on indefinite leave' amid corruption allegations: Health Policy Watch
  • After India's visa restriction, China's Kunming is drawing Bangladeshi patients
    After India's visa restriction, China's Kunming is drawing Bangladeshi patients

Related News

  • Global Islami Bank incurs Tk1,308cr loss in 2024
  • Stricter provisioning on losses from share, bond, and subsidiary investments by financial institutions
  • Farms closing daily as prices sink below costs, Poultry Association warns
  • Govt has no interference in Bangladesh Bank affairs: Finance adviser
  • Banks to remain open for transactions till 6pm today

Features

After India's visa restriction, China's Kunming is drawing Bangladeshi patients

After India's visa restriction, China's Kunming is drawing Bangladeshi patients

18h | Panorama
Photo: Collected/BBC

What Hitler’s tariff policy misfire can teach the modern world

1d | The Big Picture
Illustration: TBS

Behind closed doors: Why women in Bangladesh stay in abusive marriages

1d | Panorama
Purbachl’s 144-acre Sal forest is an essential part of the area’s biodiversity. Within it, 128 species of plants and 74 species of animals — many of them endangered — have been identified. Photo: Syed Zakir Hossain/TBS

A forest saved: Inside the restoration of Purbachal's last Sal grove

1d | Panorama

More Videos from TBS

More than a thousand layoffs at once in US government agencies

More than a thousand layoffs at once in US government agencies

28m | TBS World
Bangladesh-US tariff talks unresolved

Bangladesh-US tariff talks unresolved

1h | TBS Stories
Putul on indefinite leave after four months in 2 ACC cases

Putul on indefinite leave after four months in 2 ACC cases

2h | TBS Stories
Asian economies devastated by Trump's tariffs

Asian economies devastated by Trump's tariffs

2h | TBS World
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net