BB wants credit flow to fish farming in cage
Fish farming in cage is entitled to get bank loans as per the Agricultural and Rural Credit Policy of the Bangladesh Bank.
The Agricultural Credit Department of the central bank said in a circular on Monday
that the banks and financial institutions should take the necessary steps for financing this subsector of fisheries.
The circular said banks and financial institutions banks and financial institutions should evaluate the potentials of fish cultivation and develop credit norms specifying the amount of loan, tenure disbursement period and repayment schedule.
According to the Agricultural/Rural Credit Policy for fiscal year 2011-12, considering the importance attached by the government to fisheries, banks should take the necessary steps to increase the supply of credit to fisheries and inform people through publicity about the availability of the credit facility.
The policy said the banks should disburse fisheries loans, developing suitable products for the fishermen, so that they could become self-sufficient through availing of the credit facility.