Banks surpass agri-lending targets
Banks usually disburse a major portion of their annual farm loans during September-December when farmers spend busy time harvesting boro paddy and winter vegetables. Photo: Star/File
Banks' financing to the agriculture sector soared 13 per cent year-on-year to Tk 28,391 crore in the fiscal year 2021-22, exceeding their targets set by Bangladesh Bank.
The funds went to fisheries, livestock and crop producers as well as income-generating activities in rural areas to reduce poverty, according to the central bank.
For all latest news, follow The Daily Star's Google News channel. Some 33 lakh farmers got loans in the fiscal year 2021-22 that ended in June.
For the fiscal year 2022-23, the Bangladesh Bank has set a Tk 30,911 crore loan disbursement target for banks, up 9 per cent from the previous year.
Banks will have to provide loans to the farm sector and rural areas on a priority basis, said the central bank.
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