RAKUB follows BB’s agricultural loan policy

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RAJSHAHI, June 27, 2018 (BSS)-The Rajshahi Krishi Unnayan Bank (RAKUB) has been following Bangladesh Bank’s (BB) existing policies and directions relating to the agricultural loan properly for boosting the farming outputs to feed the gradually increasing population of the country.

To this end, the specialised public bank is committed to reaching its services towards doorsteps of the farmers in general in order to elevating their living and livelihood condition.

Besides, the bank intends to bring all the existing agricultural potential sectors and sub-sectors under qualitative and quantitative investments for making the region’s agro-based economy more vibrant.

The observations came at a joint meeting between the Bangladesh Bank (BB) and Board of Directors of RAKUB held at its board room here on Tuesday with Board Chairman Nazrul Islam in the chair.

RAKUB, headquartered in Rajshahi, has been operating its banking activities as the largest development partner in all 16 northwest districts of Rajshahi and Rangpur divisions targeting its agricultural sector and all the sub-sectors.

Board Members Kazi Alamgir, Kazi Hassan Ahmed, Noor-Ur-Rahman, Prof Rustam Uddin Ahmed, SM Mustafizur Rahman, Shah Alam and Rejaul Islam were present at the meeting.

BB General Manager Younus Ali, Deputy General Manager Mahtab Uddin and Joint Directors Fakhar Uddin and Abul Kalam Azad joined the meeting on behalf of the central bank.

The meeting viewed that the present government has attained remarkable success in agriculture sector and urged the RAKUB authority to put in their collective efforts to uphold the success in the days ahead.

It mentioned that the government has attached highest priority to the agriculture sector and added that the field level bankers and others concerned should take the responsibilities of reaching the government’s services to the farmers doorsteps.

The meeting noted that the bank’s administrative and operational activities must be transparent and accountable alongside farmers-friendly for boosting agricultural production.

They discussed how to make the bank’s operational and commercial activities more dynamic through strengthening the credit support for both farm and non-farm prospective fields.

The meeting also reviewed overall activities of the bank and took some important decision relating to its operational and administrative matters.