MCCI hails govt step to allow farmers open accounts by depositing Tk 10
Friday, 22 January 2010
FE Report
The MCCI hailed the government's initiative to allow cash-starved farmers open accounts with state-owned banks by depositing Tk 10 only.
M Anis Ud Dowla, president of Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) in a statement said "Easy access of banking facility for the farmer is a must to facilitate the country's agricultural sector".
The government provided cash incentive for fertilizer, electricity and diesel but the farmers failed to enjoy the facilities fully as they had to seek help from middle men, he said.
Mr Anis said to ensure the access of the financial support; the government has initiated the programme. The farmers would be benefited by opening accounts as the cash support will be deposited to the account directly.
The banks have been asked not to impose any restriction on keeping a certain amount of balance with the accounts and realise any service charge on such accounts.
Interested farmers can open bank accounts by showing their national identification card or birth certificate or agriculture card issued by the Department of Agriculture Extension.
The central bank issued a circular in this connection Sunday and asked the chief executives and managing directors of the state-owned commercial and specialised banks to follow the instruction for opening accounts of the farmers.
The MCCI hailed the government's initiative to allow cash-starved farmers open accounts with state-owned banks by depositing Tk 10 only.
M Anis Ud Dowla, president of Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) in a statement said "Easy access of banking facility for the farmer is a must to facilitate the country's agricultural sector".
The government provided cash incentive for fertilizer, electricity and diesel but the farmers failed to enjoy the facilities fully as they had to seek help from middle men, he said.
Mr Anis said to ensure the access of the financial support; the government has initiated the programme. The farmers would be benefited by opening accounts as the cash support will be deposited to the account directly.
The banks have been asked not to impose any restriction on keeping a certain amount of balance with the accounts and realise any service charge on such accounts.
Interested farmers can open bank accounts by showing their national identification card or birth certificate or agriculture card issued by the Department of Agriculture Extension.
The central bank issued a circular in this connection Sunday and asked the chief executives and managing directors of the state-owned commercial and specialised banks to follow the instruction for opening accounts of the farmers.