Business

Sonali Bank given award for disbursing stimuli fully


Published : 19 May 2022 09:52 PM

Sonali Bank Limited has been awarded with certificate from Bangladesh Bank for disbursing hundred percent stimulus package in agriculture refinancing Scheme. 

Bangladesh Bank Governor fazle Kabir handed over the Certificate to Sonali Bank Limited CEO and Managing Director Md Ataur Rahman Prodhan in Bangladesh Bank conference room on 18.05.2022, Wednesday.

Bangladesh Bank has formulated a new refinancing stimulus package of Tk 5,000 crore  running capital to provide financial assistance to farmers in rural areas for boosting agricultural production facing the fallout of Covid-19. 

Under the refinancing scheme, Bangladesh Bank distributed 5000 crore taka to 43 Schedule Bank in the country to disburse running capital of 1,83,070 small and medium farmers, including that of poultry and dairy sector, in rural areas, it was disbursed money from this fund to farmers at only 4 percent interest rate.

Sonali Bank disbursed 209 crore taka from this fund to 24,959 farmers and availed 100% success to distribute the farmers in the countrywide through its branches.