Banks asked to lend money to dairy farms with bio-gas plant

Banks asked to lend money to dairy farms with bio-gas plant
Bangladesh Sangbad Sangstha . Pabna

Bangladesh Bank governor Atiur Rahman on Sunday urged the commercial banks to increase their credit flow for agriculture sector particularly for setting up commercial dairy farms with bio-gas plants in rural areas.

A coordinated dairy farm is not only environment-friendly, but also meets three basic demands of farmers- protein, fuel and fertiliser, he said.

The governor was addressing a function at Titli tala of Jagannathpur upazila while visiting an Agrani Bank financed bio-gas and hybrid baokul and guava cultivation project.

Bangladesh has enormous capacity of establishing around 40 lakh coordinated dairy farms with four cattle in each, he said referring to a recent survey.

He said the dairy farms can yearly produce 480 crore cubic metre bio-gas, 120 million tonnes of high quality organic fertiliser, 1,700 crore litre milk and one million tonnes of meat apart from creating job for around 1.2 crore skilled and non-skilled rural people.

‘So, it’s huge opportunity for commercial banks to pursue green business on integrated dairy farm and bio-gas plant,’ Atiur said adding that Bangladesh Bank has been trying to make the integrated dairy farm model popular among the people.

The governor said a small dairy farm with four cows and one bio-digester everyday can produce 17 litre milk, 100kg organic fertiliser and 100 cubic biogas.

Director (news) of Channel-I Shykh Siraj, managing director of Agrani Bank Syed Abdul Hamid, government officials and local elites spoke, among others, on the occasion.

Referring to the Bangladesh Bank’s Tk 200 crore re-financing scheme for solar power generation and waste management, the governor urged people to take the opportunity.

The governor lauded the Agrani Bank’s financing project for the bio-gas plant and hybrid baokul and guava cultivation in Pabna and said many commercial banks already invested their money for solar power generation.

He urged the commercial banks to invest more in such projects and said it’s very encouraging to see that the commercial banks are providing the farmers with credit for fruit cultivation.

‘Such initiative will help farmers for cultivating high value crops, making the country more green and contributing to country’s economy,’ said the governor.

The governor urged the commercial banks to give emphasis on ‘area approach’ and provide loan for cultivation of a crop that grows more in a particular area.


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