As part of achieving the goals, set by the government to uplift the nation from the crisis, originated from the Covid-19, the state owned Agrani Bank Ltd. has been working relentlessly. Till now the bank has supported 17308 enterprises and individuals.
The government has declared incentive packages aimed to revive the economy.
In line with the aims, by the end of August the Agrani Bank has disbursed Tk 360 crore in this regard. Besides this a further Tk 862 crore of sanctioned loans is waiting for disbursement. All this information is collected from the latest report published by Agrani Bank Ltd.
The bank has informed that if the sanctioned loans can be disbursed to meet the government incentive targets, the nation’s economy can be brought up to speed. To achieve this goal, Agrani Bank Ltd. is following the government dictations to the best of their ability.
According to the published report, specialised incentive packages are given for working capital for the industries, the salaries/wages for export oriented workers, CSME and agricultural sectors. Credit facilities have been given for- grain and crop cultivation, affected low income professionals, farmers and marginal businessmen.
Incentives have been given for back to back LC for imported raw materials. For all these sectors, Bangladesh Bank has set a target of Tk 2500 crore for Agrani Bank.
According to the report, Agrani Bank has disbursed Tk 61.31 crore from the allotted Tk. 440 crore within 14761 farmers under the crop/grain cultivation sector. From the allotted Tk 124 crore under the specialized incentive package for the agricultural sector, Tk 17.88crore has been disbursed within 2106 farmers. From the Tk 135.05 crore allotted for the wages/salaries of export oriented workers, cent percent of the allotment has been disbursed to 106 industries Tk 50.98 crore has been disbursed within 4 industries as working capital along with a further Tk 186.51 crore is waiting to be disbursed within 25 industries.
Tk 25.99 crore has been disbursed within 48 enterprises under the CSME sector. A further Tk 327.25crore is waiting to be disbursed within 223 enterprises. For affected low income professionals, farmers and marginal businessmen Tk 47.40 crore is waiting to be disbursed against 5 applications. Tk 66.92crore has been disbursed to 283 back to back LC under the incentive for back to back LC.
In this regard, the managing director and CEO of ABL informed us "The nation's economy has fallen under crisis for COVID-19. This state of crisis is synonymous with the frail world economy. In these circumstances our Prime Minister has not only taken steps to lift the country from this crisis, but also has given the people incentive packages to revive the economy in advance. If we can realize the packages declared for industry, agriculture and CMS then we are certain that the economy of the country will turn around in the shortest amount of time."
He also said, "We are working tirelessly to implement 100% of the targets fixed by Bangladesh Bank in this regard. As a sign of their acknowledgement we have already received a note of satisfaction from Bangladesh Bank."
He said further, "We have already disbursed 100% of the allotted funds for the wages of export oriented workers declared by our Prime Minister. Our employees are playing an active role for the disbursement of all incentivized sectors, giving the highest emphasis on agriculture. I hope that not only our bank but all banks of the country will try to implement the initiative taken by our Prime Minister to rejuvenate the nation's economy."