RAKUB to disburse Tk 1,750 cr loans in 2016-17 FY


BN Online Desk: Rajshahi Krishi Unnayan Bank (RAKUB) has fixed a target of disbursing agricultural loans worth Taka 1,750 crore in the country’s northwest region during the current 2016-17 fiscal year.

The specialized commercial bank will disburse the loan through its 378 branches for boosting crop production and rural economy as well as generating employment through enhancing agricultural production in all 16 districts under Rajshahi and Rangpur divisions.

The target has also been set to recover loans of Taka 1,700 crore and deposit collection to Taka 1,190 crore, said Awal Khan, Managing Director of the bank, while talking to BSS here on Monday.

All the zonal and branch managers were asked to infuse more dynamism into its all business activities including loan disbursement, recovery especially the classified loan and deposit collection for benefits of both the bank and clients.

They were also given instruction on devising ways and means on how to speed the farmers-level lending activities for boosting agricultural production to meet up the gradually increasing national food demand.

The bank had formulated a work plan early in the previous fiscal and sent its direction to the field level in order to transform the bank into a profit-earning institution along with self-reliant.

Under the work plan, the bank has disbursed loan of Tk 1,636.42 crore, recovered Taka 1,945.85 crore including classified loan worth Taka 332.25 crore in 2015-16 fiscal. It has also mobilized deposit worth Taka 738.61 crore raising the bank’s total deposit to Taka 4336.43 crore.

As the largest development partner in agriculture as well as agro-based industry sector of the northwest Bangladesh, currently, the bank has adopted the effective work plan which is being implemented at the grassroots to make the credit programs easier.

‘We have adopted special credit programme for encouraging the people for setting up solar power, biogas and waste management plants for generating eco-friendly and alternative power to face the power supply deficit,’ he said adding “credit is being extended to the sector on a priority basis.”

Taka 737.27 crore was disbursed among 1,23,362 farmers for crop production while more than Taka 7.97 crore among 1,781 farmers for production of import substitute crop like pulses, oil seeds ,maize and spices at 4 percent subsidized interest rate.
He said the bank has been putting in its level best effort to establish a dynamic leadership along with accountability and transparency in all its activities to earn confidence of the clients.

To build a poverty-free Bangladesh, he said the bank had enhanced its lending activities in multipurpose potential fields for boosting agriculture production, intensifying food security and flourishing poultry and dairy sectors to reduce protein deficiency.

More than, 250 branches have, so far, been computerized and all the 378 branches will be brought under the modern ICT system by the end of this fiscal. Thereby, the bank will be capable to provide various updated services like online banking, SMS banking and ATM booths, Awal Khan expected.

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