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Agricultural Bank loans for Hill Tracts

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March 4, 2001 

Bandarban- - – Bangladesh Krishi Bank (BKB), which has been playing an important role in the socio-economic development of the rural people alongside its banking service, has provided loan amounting to Tk 40.61 crore to 12,219 people in last four years.

Nine branches of BKB disbursed the amount among the people of seven upazilas in the district aiming to alleviate poverty, sources said.

The loan was provided for the purposes of beef fattening, poultry farming, pisciculture, livestock farming and other purposes.

Besides, BKB sources said, rural marginal farmers were given loan on soft-term.

Official sources said, of the total amount, Tk 6.56 crore was disbursed for crop farming and other sectors during till January of the current fiscal.

The bank has a plan to distribute Tk 3 crore during the remaining period of the financial year.

BKB Regional Manager Mohammad Hossain Ali told UNB that to improve the living standard of landless, poor and distressed masses, BKB has introduced soft-loan programme by forming small professional groups (samity).

Under the programme, Tk 32.5 lakh has been disbursed among 52 samities, sources said. Gradually this programme will be expanded among different professional groups.

Officials said, in past few years they have witnessed 100 per cent loan recovery.

As the interest rate is very low under the poverty alleviation scheme, people are keen to take loan in massive scale.

In a bid to reach benefits to the doorsteps of poor people, BKB has opened six more booths at Rajbila of Sadar, Fhasiakhali and Aziznagar in Lama, Ghumdhum in Naikhangchhari, Noapatang of Roangchhari and Balipata in Thanchi upazilas.

Sources said following the directives of Bangladesh Bank, Rajbila area has been alienated from the jurisdiction of Janata Bank and taken under the jurisdiction the BKB. Tk 30.00 lakh was disbursed among 300 people in last two years.

Officials said they are planning to open four more branches in this hill district, as BKB’s programme is gradually attaining popularity and contributing in economic development.

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