Dhaka, March 23 -- The Rajshahi Krishi Unnayan Bank (RAKUB) has requested the government to extend the tenure of state guarantee for pre-finance loan worth Tk 10 billion three more years with a view to operating agri and rural loans.

RAKUB managing director Wahida Begum has recently written to the finance ministry with the plea to take the next course of action in this connection.

The state-backed bank borrowed the funds from the Bangladesh Bank (BB) under a bilateral deal with the latter.

Earlier, the finance ministry issued three-year state guarantee, which will expire on 11 August 2025.

It withdrew the allocation through three instalments. Of the amount, some 9.73 billion has been disbursed at an 8.0-per cent interest rate and loan...