RAJSHAHI, Aug 27, 2020 (BSS) – Rajshahi Krishi Unnayan Bank (RAKUB) is expected to play due role to recoup the existing losses being caused by the novel coronavirus (Covid-19) and flood in the country’s northwest region.
The specialized commercial bank is likely to extend loans to the potential and other worst affected sectors so that the borrowers can get back to their normal life after the best uses of their borrowed money.
The board of directors of the bank made these observations while taking part in the discussion of RAKUB’s 518th board meeting virtually Wednesday with Chairman Roisul Alam Mondal in the chair.
Through its 383 branches at present, RAKUB has been operating its activities as the largest development partner in all the 16 northwest districts of Rajshahi and Rangpur divisions targeting the agricultural sector and all its sub-sectors.
Directors Humayun Kabir Khandaker, Abdul Wahab Bhuiyan, Muhammad Ali, Dr Habibul Haque, Tofazuddin Ahmed and Sudhendra Nath Roy and RAKUB Managing Director AKM Sajedur Rahman Khan addressed the meeting.
Managing Director Sajedur Rahman Khan said RAKUB is working for bringing all existing agricultural potential sectors and sub-sectors under qualitative and quantitative investments for making the region’s agro-based economy more vibrant amid the Covid-19 pandemic situation.
He told the meeting that the bank has disbursed Taka 47.78 crore loans among 5,421 farmers through different branches in the two divisions from the Prime Minister’s stimulus package fund for agriculture till June last.
He said the government has allocated funds worth Taka 319 crore from the stimulus package.
The meeting noted that the bank’s administrative and operational activities must be more transparent and accountable for boosting agricultural production.
Terming the farmers as the vital force to boost up the agricultural productions, they expressed their commitment to protect the farmers’ interests as a whole.
The meeting reviewed the overall activities of the bank and took some important decisions relating to its operational and administrative matters.