The previous deadline was set to expire on December 31. The BB extended the deadline for smooth implementation of the incentive fund for the agriculture sector, said the notice issued on Tuesday. As many as 43 banks in April signed participation agreements with the BB on disbursing farm credit from the low-cost stimulus fund. To tackle the economic losses caused by the outbreak of the deadly virus, the BB on April 14 launched a Tk 5,000-crore stimulus fund for the agriculture sector. The stimulus fund did not reach the marginal farmers due to collateral issues and bureaucratic complexities in the banks, according to experts.

Source: Dhaka Tribune December 29, 2020 18:33 UTC