Rajshahi Krishi Unnayan Bank (RAKUB) will disburse Tk 23 billion (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 loan through its 381 branches in all 16 districts under Rajshahi and Rangpur divisions, Public Relation Officer of the bank Md Jamil said on Tuesday.
Target has also been set to recover loans of Tk 23 billion, including classified loans worth Tk 7.78 billion (Tk 778.23 crore) and raise deposit collection to Tk Tk 10 billion, 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.
As the largest development partner in agriculture as well as agro-based industry sector of the northwest Bangladesh, currently, the bank has adopted the effective work plan which is being implemented at the grassroots level to make the credit programs easier.
“We have adopted special credit programme for encouraging the people for setting up solar power, biogas and waste management plants for generating eco-friendly and alternative power to face the power supply deficit,” said Nurul Islam, Managing Director of RAKUB, adding “credit is being extended to the sector on a priority basis.”
He said the bank enhanced its lending activities in multipurpose potential fields for boosting agricultural production, intensifying food security and flourishing poultry and dairy sectors, reports BSS.
