BB, Shahjalal Islami Bank join Tk10,000cr farm refinancing scheme

Bangladesh Bank (BB) and Shahjalal Islami Bank PLC have signed a participation agreement under the Tk10,000 crore refinancing scheme for agriculture and food security.
According to a press release, the agreement was signed at a ceremony held recently at the central bank’s head office. The scheme aims to boost agricultural production, create rural employment and strengthen food security.
AKM Sayduzzaman, director of BB’s Agricultural Credit Division-2, and Mosleh Uddin Ahmed, managing director of Shahjalal Islami Bank, signed the agreement on behalf of their respective organisations.
Under the scheme, the bank will provide agricultural investment facilities at an 8% profit rate, in line with BB guidelines, making financing more accessible and affordable for farmers.
The bank said the initiative would help improve agricultural productivity, support rural employment and contribute to the development of the country’s rural economy.
Officials from both organisations attended the signing ceremony.