Bangladesh Krishi Bank Credit Program

Table of Contents

The agricultural sector contributes significantly in respect to attaining marginal food sufficient creating employment opportunities, improving the standard of living, and finally reducing poverty.

What is Bangladesh Krishi Bank Credit Program?

Agriculture is one of the prime sectors of Bangladesh’s economy that has to provide society with sufficient amount and quality of food and fiber productions, avoiding harmful environmental effects on land, soil air, and water livestock. Agriculture is crop and animal husbandry for producing foodstuff, raw materials, and services for society.

Sectors of Agriculture

Crop
Fisheries
Poverty alleviation
Grain storage
Livestock
Agriculture equipment
Marketing agriculture goods

Bangladesh Krishi Bank is the only bank that is playing a special role in the agriculture sector. Farmers have certain credit products that work for crop production and crop manpower development. The credit products are given below:

Bangladesh Krishi Bank Crop Loan

Out of the total annual allocation of Bangladesh Bank’s loan portfolio, 60% is earmarked for crop financing and loans are disbursed as per norms set by Bangladesh Bank. The interest rate on this program may vary from time to time.

Key Features:

The interest rate for this sector is 9%.
Both landlords and sharecroppers are usually the target groups for these loans.
Marginal farmers are also eligible for loans
Crop loan is sanctioned on an annual basis
Credit passbook is issued to each borrower.

Bangladesh Krishi Bank Fisheries Loan

To boost fish production, Bangladesh Krishi Bank provides loans for excavation and re-excavation of ponds, development of wetlands, the establishment of fish hatcheries, and new fisheries projects. Fisheries loans are provided in the following sub-sectors:

Key Features:

White Fish culture
Shrimp culture
Fish & Shrimp hatchery.

White Fish	· Fish culture in existing pond/tank · Fish culture by re-excavation of old/derelict tank/tank · Fish culture by the excavation of new tank/tank
Shrimp culture	· Shrimp culture in the traditional system (Bagda or Tiger Shrimp) · Shrimp culture in the scientific system · Shrimp culture in semi-intensive method · Prawn culture in sweet water (Galda)
Fish & Shrimp hatchery	· Fingerlings production in sweet water · Shrimp fingerlings production (fingerlings of commercially profitable technology).

Bangladesh Krishi Bank Livestock & Continuous Loan

The livestock sector has been playing an important role in the development of agriculture. Bangladesh Krishi Bank provides loans for dairy farms (milk cows), fattening of goats and cows, and other animals. It is basically a medium-term loan and is always available.

What is Beef Fattening Program?

With the aim of creating self-employment for the poor and unemployed, Bangladesh Krishi Bank has launched a program called “Cow fattening”.

Key feature:

Purely supervised credit
The bank officials giving guarantees are responsible for the recovery of the loan
Each borrower will get a maximum Tk. 25,000/-for 5 calves (each Tk. 5,000/-)
Loan is collateral-free
Repayable within one year.

What are the objectives of the credit program?

To create self-employment opportunities for poor and unemployed people
Meet the national deficit of animal protein
Lead to positive change in the attitude of the people through training
Ensure participation of bank officials in the program and increase their sense of duty and consciousness.

Continuous Loan

The loan is the continuous product and different types of activities such as cash credit/working capital loans on a short-term basis
Continuous loan is given for processing, preservation, and marketing of agricultural products.

Farm and Irrigation Equipment Loan

Farm and irrigation equipment loans to modernize agriculture and grow better crops:

Processing Industries
Food Processing Industries
Poultry farm and
Dairy farm.

What is Dairy Farm?

Milk production
Milk collection, milk processing (ghee, butter, pasteurized milk, etc. production), and marketing.

What are Export and Import Agro Equipment & Farm Machinery?

Export Fish processing, Freezing, Leather process
Import Leather and Leather Goods, Fish net/net thread, Organic fertilizer, mixed fertilizer and Bio-pesticide.

What is Poverty Alleviation & Micro Credit Programs?

BKB has been implementing a series of Micro-Credit programs considering the needs of the target groups. These diversified micro-credit programs are being implemented by BKB to achieve the following objectives:

To create employment opportunities through income-generating activities
To empower rural women to establish their own rights
To improve the living standard of the rural people
To alleviate the poverty of the poor people
To make easy access to institutional credit facilities and resources
To mobilize rural savings
To make optimum utilization of rural resources
To engage inactive human resources of the rural areas in productive/economic activities
To engage rural people in development process of the country
To eliminate exploitation done by the money lenders.

What is the contact address of Bangladesh Krishi Bank?

Head Office
Bangladesh Krishi Bank
Krishi Bank Bhaban
83-85 Motijheel Commercial Area
Dhaka – 1000

Website: https://www.krishibank.org.bd

Hotline Number: (+88 02) 956 0021

Email: dgmvsd@krishibank.org.bd