NRBC Bank gives 4% loan to agriculture sector
NRBC Bank will give loans at 4% interest to increase the production of the agricultural sector to ensure food security of the country.
The loan will be given under the fund titled '5000 crore Refinancing Scheme for Agriculture Sector to Ensure Food Security of the Country' by the Bangladesh Bank, said a press release.
NRBC Bank has signed a participation agreement with the Bangladesh Bank for the disbursement of the loan on simple terms and conditions.
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In the presence of Abdur Rauf Talukder, governor, Bangladesh Bank, Md Abul Kalam Azad, director, Agriculture Credit Department, Bangladesh Bank and NRBC Bank's Managing Director Golam Awlia signed the agreement on behalf of their respective institutions in the Jahangir Alam Conference Hall of the head office of Bangladesh Bank.
Deputy Governor of Bangladesh Bank AKM Sajedur Rahman Khan and Executive Director of Agriculture Credit Division Md Anwarul Islam along with senior officials of both institutions were present in the event.
The loan will be given to related sub-sectors including the crop sector, farms, cattle rearing, fisheries and purchase of agricultural machinery.
NRBC Bank is giving loans on a priority basis for the development of rural agriculture sector in Bangladesh. In the outgoing year 2022, a loan of Tk240 crore has been given in this sector.
