BRAC Bank extends lending to farmers, traders

BRAC Bank extended instant loan facilities to marginalised farmers and small traders in Satkhira under Bangladesh Bank's (BB) refinancing scheme. At a ceremony held on October 16, the participating banks altogether disbursed Tk 40 million to 500 borrowers, including BRAC Bank's distribution of Tk 8 million to 131 micro-level farmers, fishermen and entrepreneurs. Md. Iqbal Mohasin, director, FID, BB, attended as the chief guest, while Md. Ali Hossain, additional director, BB, served as the special guest. Syed Abdul Momen, additional managing director and head of SME banking at BRAC Bank, was also present.