Interest on agricultural loans reduced by 1 percent

Sunbd Desk || Published: 2021-04-22 15:19:37 || Updated: 2021-04-22 15:19:37

To make it easier for farmers to borrow after four years, the central bank has reduced the interest rate on agricultural and rural loans from 9 percent to 8 percent. It will be effective from April 1, 2021. This means that from now on banks will not be able to charge more than 8 percent interest on agricultural loans.

The Banking Regulation and Policy Division of Bangladesh Bank has issued a directive in this regard on Thursday (April 22).

Sunbd/NJ

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