Agricultural loans serve as a cornerstone for rural farmers, playing a crucial role in sustaining a nation’s food security and rural economy.
In the pursuit of agricultural sector development, it’s imperative to enhance the accessibility of loans for marginal farmers.
Bangladesh, despite its dense population and limited agricultural land, has successfully managed its food supply, largely due to the steadfast dedication and resilience of its farmers.
In recent years, agricultural and rural finance programs have been boosted as the private commercial banks (PCBs) along with state-owned commercial banks (SCBs), have come forward to disburse agri-loans in the country.
Historically, farmers had very few options on their grips to promote their agri-farming. Informal lenders and MFIs are still the major sources of borrowing for marginal farmers though banks are also scaling up agri-financing programs across the country.
To better facilitate our farmers, we are focusing on enhancing access and simplifying the application process for agri-loans.
Since the beginning of agri credit disbursement by the banking sector, the prime focus has been on facilitating farmers directly by providing all types of agri loans promptly.
To better facilitate our farmers through agri-loans, financial institutions can adopt a more localized approach by understanding regional farming needs and tailoring loan products accordingly.
Agricultural loans serve as a cornerstone for rural farmers, playing a crucial role in sustaining a nation’s food security and rural economy.
In the pursuit of agricultural sector development, it’s imperative to enhance the accessibility of loans for marginal farmers.
Bangladesh, despite its dense population and limited agricultural land, has successfully managed its food supply, largely due to the steadfast dedication and resilience of its farmers.
In recent years, agricultural and rural finance programs have been boosted as the private commercial banks (PCBs) along with state-owned commercial banks (SCBs), have come forward to disburse agri-loans in the country.
Since the beginning of agri credit disbursement by the banking sector, the prime focus has been on facilitating farmers directly by providing all types of agri loans promptly.
To better facilitate our farmers, we are focusing on enhancing access and simplifying the application process for agri-loans.
Historically, farmers had very few options on their grips to promote their agri-farming. Informal lenders and MFIs are still the major sources of borrowing for marginal farmers though banks are also scaling up agri-financing programs across the country.
Farmers directly engaged in agriculture, livestock, fisheries, and forestry must be targeted and prioritized for agri-loan provision since agricultural production is imperative for our country’s economic growth.
For better facilitation of the farmers in our country, the introduction of smart and simplified loan application procedures with less paperwork and processing time is a prerequisite.
A robust agricultural sector is vital to our country’s food security and economic growth, which makes it important to support our farmers with financial facilities and protect them from informal lenders.
