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Proper distribution of loan helped attain food autarky |
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September 14, 2000
Sangsad (UNB) - Finance Minister Shah AMS Kibria yesterday said the reason behind attaining the food autarky this year is the proper distribution of agricultural loan to the farmers, particularly to the marginal farmers. "We are distributing over Tk 3000 crore as the agriculture loan in the current year (1999-2000) while it was Tk 3270 crore in last year. Agri loan distributed in our time is almost double of the loans distributed during role of the previous government," he told the House replying to a question from Kazi Sirajul Islam. The Finance Minister informed the House that the government the government is thinking to introduce agricultural insurance but has no plan to waive the agriculture loan, it could be deferred only. If the flow of loan is disturbed then the farmer becomes the victim of it, he said now the peasants know that they will get fresh loans if they return the money and added that agriculture recovery rate is highest in comparison to all times. Replying to a supplementary from Sagufta Yeasmin, the minister said just now the government has no plan set up separate bank for the women entrepreneurs because he said the existing banks are giving special incentive and facilities for the women entrepreneurs. He said that the government has a plan to set up Agriculture Banks at every unions of the country for the convenience of the farmer, who are contributing significantly in the country's economy. About the default culture he said the government has taken various effective measures for removing this bad culture from this country. For close monitoring of the government now loans are distributing to the people without any corruption. Recovery rate is also increasing day by day for the steps taken by the present government, Kibiria said informing the house that the government has introduced bankruptcy court to take action against the loan defaulters. Replying to a question about the reduction of interest rate, he said interest rate is low in some prioritized sector and government has done this for encouraging the export-oriented industrial growth. |