Jamuna Bank joins BB’s Tk 10,000cr agri refinance scheme

Jamuna Bank PLC has joined Bangladesh Bank’s Tk. 10,000 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 Sunday, says a press release. 
The agreement was signed by A K M Saiduzzaman, Director, Agricultural Credit Department-2, Bangladesh Bank. On Jamuna Banks behalf Deputy Managing Director and CRO Md Shahidul Islam and Md Abu Bakkar Siddique, Head of Agricultural Loan were present at the programme. Md Sakhawat Hossain, Joint Director-2, and Rafia Sultana, Additional Director of Bangladesh Bank’s Agricultural Credit Department, were also present at the ceremony.
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.