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Farm credit disbursement falls 15% in July
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Dhaka, Bangladesh, Aug. 25 -- Farm credit disbursement fell by 15.11 per cent in July, the first month of the current fiscal year (FY), 2019-20, mainly due to flood at different parts of Bangladesh.
Disbursement of agriculture loan came down to BDT 9.77 billion in July from BDT 11.51 billion a year ago, according to the central bank's latest statistics.
Bangladesh witnessed more than one month-long (July 01 to August 01) flood that marooned 6.07 million people in 28 districts out of 64, and caused death to more than 100 people.
Of the BDT 9.77 billion, eight public banks disbursed BDT 4.16 billion, and the remaining BDT 5.61 billion was disbursed by the private commercial banks (PCBs) and foreign commercial banks (FCBs).
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