PRAN Dairy signs deal with BKB for supply chain finance

The country's leading milk processor PRAN Dairy Limited and Bangladesh Krishi Bank (BKB) signed a deal on supply chain finance to promote the dairy sector, says a press release.
Mohammad Mainul Islam Khan, General Manager (In-charge) of the Local Principal Office of Bangladesh Krishi Bank, and Uzma Chowdhury, Director (Corporate Finance) of PRAN-RFL Group, signed the deal on behalf of their respective organisations at the head office of the bank in Dhaka on Thursday.
Chairman of the Board of Directors of Bangladesh Krishi Bank Md Nasiruzzaman, Managing Director Md Shawkat Ali Khan, Deputy Managing Directors Chanu Gopal Ghosh, Khan Iqubal Hossain, Salma Banu and high officials of the bank and PRAN were present at the signing ceremony.
Under the deal, farmers will get money in their bank account after providing milk to PRAN Dairy and PRAN will get necessary finance through the bank to boost the dairy sector.
Addressing the programme, Md Nasiruzzaman said a new door of digital investment has opened through this agreement for the first time in the history of Bangladesh Krishi Bank. This initiative will help the dairy sector flourish.
Uzma Chowdhury said, "The initiative will help us move towards 'Smart Bangladesh' gradually. PRAN Dairy is collecting raw milk from farmers and manufacturing numerous products including pasteurized milk, powder milk, ghee, flavoured milk, yogurt, sweet and cheese after processing raw milk. This multi-use of milk not only plays a role in fulfilling the demand for nutrition but also help farmers get fair prices for the milk and assist them in becoming entrepreneurs."