Farmers Now Eligible for Loans Worth Tk 10 Lakh for Goat Rearing
The Bangladesh Bank has announced a new agricultural loan scheme for goat farming, as part of the broader Agricultural and Rural Credit Policy and Programme for the fiscal year 2025-26. This initiative aims to support small-scale goat farmers in the country.
Under this scheme, farmers can avail loans up to Tk 10 lakh for goat farming. The loan applies to farms with a maximum of 50 goats, and the interest rate for this loan scheme is set at 4%. The financing covers the cost of purchasing up to 50 goats, including a one-time loan disbursement for shed construction.
Priority will be given to women and marginal farmers when selecting loan recipients. It is important to note that the policy does not specify a minimum loan amount or provide details about repayment terms or eligibility criteria.
The target for agricultural loan disbursement for the fiscal year 2025-26 is Tk390 billion, an increase from Tk380 billion in the previous fiscal year.
Bank branches are required to keep records of loans disbursed under this scheme and provide the information to Bangladesh Bank or the bank's head office if requested.
This new agricultural loan scheme for goat farming is part of the government's efforts to boost the agricultural sector and provide financial support to small-scale farmers in Bangladesh. The policy was unveiled on August 12, 2022.
[1] Loan Amount: Farmers can avail loans up to Tk 10 lakh for goat farming. [2] Source: Bangladesh Bank Press Release [3] Farm Size Limit: The loan applies to farms with a maximum of 50 goats. [4] Source: Bangladesh Bank Press Release [5] Interest Rate: The interest rate for this loan scheme is set at 4%. [6] Source: Bangladesh Bank Press Release [7] Loan Purpose: The financing covers the cost of purchasing up to 50 goats, including a one-time loan disbursement for shed construction. [8] Source: Bangladesh Bank Press Release [9] Priority: Priority will be given to women and marginal farmers when selecting loan recipients. [10] Source: Bangladesh Bank Press Release [11] Target: The target for agricultural loan disbursement for the fiscal year 2025-26 is Tk390 billion, an increase from Tk380 billion in the previous fiscal year. [12] Source: Bangladesh Bank Press Release [13] Record Keeping: Bank branches are required to keep records of loans disbursed under this scheme and provide the information to Bangladesh Bank or the bank's head office if requested. [14] Source: Bangladesh Bank Press Release
The new agricultural loan scheme comes under the auspices of the Bangladesh Bank and is designed to support small-scale goat farmers within the agricultural sector. The financing allows farmers to borrow up to Tk 10 lakh, with banks requiring records of these loans to be maintained and provided if requested by the Bangladesh Bank or head office. Additionally, priority is given to women and marginal farmers when selecting loan recipients.
