Taka 40 Crore Loan From Trust Bank

Taka 40 Crore Loan From Trust Bank

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The Trust Bank Limited, a private commercial bank sponsored by the Bangladesh Army Welfare Trust, has approved a loan of Tk. 40 crores (400 million) to SOJAG. The checks for Tk. 1.5 crores and Tk. 38.5 crores were handed over to SOJAG by the Governor of Bangladesh Bank in a simple ceremony held at the Conference Room of Bangladesh Bank. The Deputy Governor of Bangladesh Bank and top management staff of the Trust Bank were also present on the occasion.

A total of Tk. 1.5 crore was made available to SOJAG under re-financing from Bangladesh Bank to be given as agriculture loan to farmers at the flat rate of 9.5%.

Tk. 18.5 crores was provided for agriculture loan to be given to farmers thru SOJAG groups at 11%; Tk. 10 crores for setting up a 500-ton capacity Seed Plant. Another Tk. 10 crore has been provided for setting up of 1000 biogas plants over a period of 3 year.

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