Dhaka, March 23 -- From now on, the CIB (Credit Information Bureau) report will have to be verified to approve any amount of agricultural loan or extend the loan tenure.

Earlier, a CIB report was not required for agricultural and rural loans up to Tk2.5 lakh.

On Sunday (Mar 23), the Agricultural Credit Department of Bangladesh Bank issued a directive in this regard.

According to the directive, if a loan is disbursed without verifying the CIB report, the bank will not be able to know even if the customer takes multiple crop and crop loans of a maximum amount of 2.5 lakh taka from different banks.

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