RAKUB to help farmers’ recoup losses caused by Covid-19, flood


Rajshahi Krishi Unnayan Financial institution (RAKUB) will play due function to recoup the present losses being attributable to the novel coronavirus (Covid-19) and flood within the nation’s northwest area.
The specialised industrial financial institution is anticipated to offer loans to the potential and different worst affected agricultural sectors in order that the debtors can get again to their regular life after the very best makes use of of their borrowed cash.
The board of administrators of the financial institution made these observations whereas participating within the dialogue of RAKUB’s 519th board assembly nearly on Thursday with Chairman Raisul Alam Mondal within the chair.
By means of its 383 branches at current, RAKUB has been working its actions as the most important improvement companion in all of the 16 northwest districts of Rajshahi and Rangpur divisions concentrating on the agricultural sector and all its sub-sectors.
Administrators Humayun Kabir Khandaker, Abdul Wahab Bhuiyan, Muhammad Ali, Tofazuddin Ahmed and Sudhendra Nath Roy and RAKUB Managing Director AKM Sajedur Rahman Khan addressed the assembly.
Managing Director Sajedur Rahman Khan stated RAKUB is working for bringing all present agricultural potential sectors and sub-sectors underneath qualitative and quantitative investments for making the area’s agro-based economic system extra vibrant amid the Covid-19 pandemic state of affairs.
He instructed the assembly that the financial institution has disbursed Taka 47.78 crore loans amongst 5,421 farmers by means of totally different branches within the two divisions from the Prime Minister’s stimulus package deal fund for agriculture until June final.
He stated the federal government has allotted funds value Taka 319 crore from the stimulus package deal.
In addition to, RAKUB has set a goal of disbursing agricultural loans value Taka 2,850 crore within the nation’s northwest (NW) area through the present 2020-2021 fiscal 12 months to facilitate growing crop manufacturing and improve rural economic system.
The assembly famous that the financial institution’s administrative and operational actions have to be extra clear and accountable for enhancing agricultural manufacturing.
Terming the farmers because the very important drive to spice up up the agricultural productions, they expressed their dedication to guard the farmers’ pursuits as an entire.
The assembly reviewed the general actions of the financial institution and took some vital selections referring to its operational and administrative issues.