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RAKUB disburses Tk 344.06-cr loan in N-W region

RKUB1Dhaka, 07 November, Abnews : Rajshahi Krishi Unnayan Bank (RAKUB) has disbursed around Tk 344.06 crore as loan to boost rural economy alongside employment generation in the country’s northwest region in the first four months of this current 2013-14 fiscal. Of the disbursed loans, Tk 135.90 crore for crop production, Tk 2.73 crore for fisheries, Tk 21.09 crore for animal resources, Tk 1.09 crore for irrigation machineries, Tk 6.54 crore for agro- based industries, Tk 18.82 crore for SMEs, Tk 98.34 crore as cash credit, Tk 21.53 crore for poverty reduction and Tk 38.02 crore for different other need-based sectors.  Side by side with the disbursement, the bank has also recovered Tk 399.87 crore and mobilized deposit worth Tk2,288.55 crore during the same time.

RAKUB Managing Director Mofazzal Hossain told abnews that the bank has set a target of disbursing Tk 1,450 crore as loan, recovery of Tk 1,500 crore including classified loan worth Tk 650 crore and deposit mobilization of Tk 3,000 crore in the current fiscal. He said the present government had earmarked the huge money for RAKUB for disbursing as crop and rural uplift loan only in the northwest Bangladesh during the current fiscal.

To build a poverty-free Bangladesh, he said the bank had enhanced its lending activities in multipurpose potential fields for boosting agriculture production, intensifying food security and flourishing poultry and dairy sectors to reduce protein deficiency. Production of pulse, oil-seed, maize and spice crops was brought under special credit programme at 4 percent interest rate to lessen the import pressure of the items.

Disadvantaged and underprivileged people in the region were brought under the financial inclusion programme. We have adopted special credit programme for encouraging the people for setting up solar power, biogas and waste management plant for generating eco-friendly and alternative power to face the power supply deficit, he said adding, Credit is being extended to the sector on a priority basis.

As the largest development partner in agriculture as well as agro-based industry sector of the region, currently the bank has adopted multipurpose development programmes, which are being implemented at the grassroots to make the credit programmes easier. Emphasis has been given on enhancing credit flow towards exploring the potential sectors of the region. Level best effort to ensure transparency and accountability in all the banking activities is continuing.

Apart from this, importance has been given to increasing relations between the bankers and the customers especially the rural farmers for boosting farm production, he added. More than 120 branches have, so far, been brought under automation and all the 371 branches will be brought under the modern system by 2014 through which the bank will be able to provide various modern banking services like online and SMS banking and ATM booths.

 

Abn/Thu -01/Bank & Insuransh/Desk/MR/Mustafiz/Fatama

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