Dhaka, March 6 -- Agricultural credit growth is gaining momentum, with banks disbursing approximately 50.57 per cent, or Tk 19,215 crore, during the first seven months of the current fiscal year FY2024-25, which is expected to boost food production.
According to the latest data from the central bank, scheduled banks have provided Tk 19,215 crore in agricultural and rural credit from July to January, against a target of Tk 38,000 crore for the current fiscal year FY2024-25.
In comparison, during the same period last year, banks disbursed Tk 24,730 crore, which accounted for 60.44 per cent of the previous year's target of Tk 4,090 crore.
For FY2024-25, the central bank has set an agricultural and rural credit target of Tk 38,000 crore to s...