Jamuna Bank PLC has joined Bangladesh Bank’s Tk10,000 crore refinance scheme aimed at boosting agricultural production, strengthening food security and supporting the rural economy.
A participation agreement was signed between Bangladesh Bank and Jamuna Bank PLC on August 16.
Under the three-year revolving refinance scheme, financing will be available for a wide range of agriculture and rural activities, including crop production, fisheries, livestock, agricultural and irrigation machinery, and other income-generating activities.
Eligible farmers and customers will be able to access financing at a maximum simple interest rate of 8% per annum.
The agreement was signed by AKM Saiduzzaman, director, Agricultural Credit Department-2, Bangladesh Bank.
On Jamuna Bank’s behalf, deputy managing director & CRO Md Shahidul Islam and Md Abu Bakkar Siddique, head of agricultural loan, were present at the program.
Md Sakhawat Hossain, joint director-2, and Rafia Sultana, additional director of Bangladesh Bank’s Agricultural Credit Department, were also present at the ceremony.
Through its participation in the scheme, Jamuna Bank aims to expand access to affordable financing for farmers and rural entrepreneurs, helping increase agricultural production, generate employment and contribute to sustainable rural development.
