Pran Dairy Ltd signed a deal with Rajshahi Krishi Unnayan Bank (Rakub) on supply chain finance to assist the dairy farmers of the north-western part of Bangladesh. 

Niranjan Chandra Debnath, managing director of Rakub, and Uzma Chowdhury, director (corporate finance) of Pran-RFL Group, signed the deal at the latter's head office in Badda, Dhaka last week, said a press release.

Under the deal, farmers will get money in their bank account after providing milk to Pran Dairy. Besides, if farmers show interest in establishing a dairy farm, they will get the desired loan from the bank.

"This initiative will help our dairy sector go ahead. Under the deal, dairy farmers and milk processors will be beneficial," said Debnath.

"Rakub will support in providing the working capital. Pran will be able to process a large amount of milk obtained in flash season and convert it into powder milk which will help us meet the demand during the lean season," said Chowdhury. 

Raisul Alam Mondal, chairman of Rakub, Ahsan Khan Chowdhury, chairman and chief executive of Pran-RFL Group, and high officials of both the organisations were present.