RAKUB helps farmers recoup corona, flood losses

11 November, 2020 12:00 AM printer

RAJSHAHI: Rajshahi Krishi Unnayan Bank (RAKUB) has been playing an effective role in recouping the losses caused by the novel Coronavirus (Covid-19) and flood in the country’s northwest region.

The specialised commercial bank has been providing loans to the affected people in agriculture and other sectors so that they can get back to their normal life after the best uses of their borrowed money, reports BSS.

The bank directors said these while taking part in the discussion of RAKUB’s 522nd board meeting virtually on Monday while it’s Chairman Raisul Alam Mondal presided over it.

Through its 383 branches at present, RAKUB has been operating its activities as the largest development partner in all the 16 northwest districts of Rajshahi and Rangpur divisions targeting the agriculture sector and all its sub-sectors.

Along with the chairman, Directors Abdul Wahab Bhuiyan, Tofazuddin Ahmed, Sudhendra Nath Roy and Dr Abu Sayed Nasir Uddin Khan joined the meeting from their respective offices virtually.

RAKUB Managing Director Sajedur Rahman Khan and some other directors were present at the meeting in-person held at the bank’s board room.

Sajedur Rahman Khan said RAKUB has disbursed around Taka 920.70 crore agriculture loans in the country’s northwest (NW) region during the first four months of the current 2020-21 fiscal year to facilitate increasing crop production and boosting rural economy.

Apart from this, the bank recovered loans of around Taka 703 crore including classified loan of Taka 80 crore besides deposit collection of Taka 111 crore during the same period.