Agricultural Credit Department email@example.com
|Name & Designation
|Kazi Sayedur RahmanDeputy Governor
|Md. Nurul AminExecutive Director
The Agricultural Credit Department has been entrusted with the responsibilities of formulating agricultural credit policy for the country and its implementation. It formulates the policies relating to priority sectors of agriculture and rural credit. It monitors and ensures timely, adequate and transparent flow of credit to the rural people for agricultural activities and rural employment programs.
The department provides refinance facilities to BKB, RAKUB & BRAC against Government/ Bank guarantee and also provides demand loan to BKB & RAKUB as and when approached.
Works relating to formulation of policies and implementation of agricultural projects financed by Development Partners, Government of Bangladesh and Bangladesh Bank are also done by this department. It monitors the on-going projects, extending refinance facilities to the participating banks against their disbursement to target groups, coordinating disbursement and recovery activities of these banks and arrange repayment of project loan to Govt. and Development Partners. It also provides loan facilities to some specialized banks like Grameen Bank, Ansar VDP Unnayan Bank, karmasangsthan Bank etc. against Govt. guarantee for extension of microcredit services to the rural people.
The department monitors the Lead Bank Scheme which is aimed at forging a coordinated approach for providing agri credit to achieve overall development of rural areas in the country. It also collects information and maintains data in respect of agricultural credit which are supplied to the Ministries of the Govt., International bodies like IMF, World Bank, ADB, IFAD etc. as and when required.