Bangladesh Bank (BB) is set to announce its annual agricultural and rural credit policy and programme for the 2012-13 financial year (FY13) on July 24 with a disbursement target of taka 141.23 billion.

The target is around 10 per cent higher than the target and disbursement of taka 138 billion for the just concluded 2011-12 financial year (FY12).

BB Governor Dr Atiur Rahman will announce the policy at a press conference at the central bank headquarters in the city. The policy will follow the half-yearly monetary policy statement (MPS) for the FY 13, to be announced on July 18.

“All the banks have already been advised to increase their target for agriculture and rural credit by at least 10 per cent,” a BB official told BSS.

The Daily Sun/Bangladesh/ 13th July 2012