Dhaka, Feb. 29 -- Agri credit disbursement by banks has grown by around 20 per cent in the first five months of the current fiscal year compared to the corresponding period of FY23.

Welcoming the sharp rise in farm credit, central bank officials say this provides a much-needed boost to the country's ongoing efforts to ensure food security.

The influx of funds comes at a critical time, as the UN's Food and Agriculture Organization (FAO) warns that food crises will remain a dominant global concern in 2024.

The specialised agency of the United Nations attributes this to the interplay of extreme weather events caused by the climate crisis, new and intensifying conflicts and economic instability in 2024.

The government set a target of disb...