DHAKA, Jan 11, 2023 (BSS) - Padma Bank Limited will provide loans at 4 
percent interest rate to increase production in the agricultural sector as 
well as ensuring food security for the country. 

This loan will be given under the fund titled "Taka 5000 crore refinancing 
scheme for agriculture sector to ensure food security of the country" formed 
by the Bangladesh Bank (BB).

The Padma Bank has recently signed a participation agreement with Bangladesh 
Bank to disburse the loans on easy terms.

Director of the Agriculture Credit Division of the central bank Abul Kalam 
Azad and Managing Director (Current Charge) of Padma Bank Faisal Ahsan 
Chowdhury signed the agreement on behalf of their respective organisations in 
the presence of BB Governor Abdur Raof Talukdar at its head office here, said 
a press release today.

Deputy Governor of Bangladesh Bank AKM Sajedur Rahman Khan and Executive 
Director of the Agricultural Credit Department Md. Anwarul Islam and senior 
officials of both organisations were present on the occasion. 

Farmers can take out loans for paddy cultivation, fisheries, vegetables, 
fruit and flower cultivation, poultry production and dairy production under 
the livestock sector. 

Padma Bank will disburse this loan at the farmer's level.