To support increased agricultural production, strengthen food security, and create employment opportunities through expanded economic activities in rural areas, The Premier Bank PLC. has signed a participation agreement with Bangladesh Bank under its BDT 10,000 crore Refinance Scheme. A signing ceremony was recently held at Bangladesh Bank to mark the occasion.

The agreement was exchanged between Md. Monzur Mofiz, Managing Director of The Premier Bank PLC., and Mr. AKM Saiduzzaman, Director of the Agricultural Credit Department of Bangladesh Bank, on behalf of their respective organizations.

Under the agreement, refinance facilities will be provided from a fund created through the surplus liquidity of scheduled banks and managed by Bangladesh Bank. Through its extensive branch network, The Premier Bank PLC. will extend loans for crop and agricultural production, rural income-generating activities, agricultural machinery, and the fisheries and livestock sectors. The initiative is expected to enhance agricultural productivity, stimulate rural economic growth, strengthen food security, and generate new employment opportunities across the country.

Senior officials from both organizations were present at the signing ceremony. The participants expressed optimism that this initiative would make a significant contribution to the sustainable development of Bangladesh’s agricultural and rural economy