Japan International Cooperation Agency will give loan amounting to $100 million for the country’s agriculture sector, said Bangladesh Bank officials.
A BB official told New Age on Sunday that the government would sign a deal with the Japan-based lender organisation in October this year in this regard.After the deal is signed, the BB will disburse the loan to farmers through the private commercial banks and non-government organisations, he said.
Farmers may get the loan from the JICA fund with highest 10 per cent interest as the BB will transfer the fund to a refinance scheme, he said.
The tenure of the JICA fund is 10 years.
The commercial banks will take the loan with the interest rate of five per cent and they will disburse the loan to farmers with highest 10 per cent interest rate.
The JICA may set one per cent interest for its loan.
The banks, which will use the JICA fund, will have to sign agreement with the BB, another central bank official said.
Continued on B2 Col. 2
-With New Age input
