Pubali Bank PLC. has joined the Tk. 3,000 crore Refinance Fund established by Bangladesh Bank with the objective of developing agriculture-based specialized economic hubs in the country’s northern region and accelerating agricultural and rural economic activities. To this end, the Bank has signed a Participation Agreement with Bangladesh Bank.

At the agreement signing ceremony held at the Bangladesh Bank Head Office, Dr. Md. Kabir Ahmed, Deputy Governor of Bangladesh Bank, attended as the Chief Guest. Arif Hossain Khan, Executive Director and Spokesperson of Bangladesh Bank, attended as the Special Guest. The ceremony was presided over by A. K. M. Saiduzzaman, Director, Agricultural Credit Department-2, Bangladesh Bank. Representing Pubali Bank PLC., Chowdhury Abdul Waheed, General Manager & Head of CMSME Division, attended the ceremony along with other senior officials of Bangladesh Bank and Pubali Bank.

Bangladesh Bank has established the refinance fund to enhance agricultural productivity in the northern region, expand post-harvest management and storage facilities, strengthen the processing and marketing of agricultural products, and develop agriculture-based industries and the CMSME sector through the establishment of an effective Agri Value Chain. Strengthening the agricultural supply chain, enhancing export potential, and increasing rural employment and income are also among the key objectives of the initiative.

Under the refinance facility, financing will be expanded in the districts under the Rajshahi and Rangpur Divisions for agricultural production, development of fisheries and livestock, storage, marketing and processing of agricultural products, as well as agriculture-based industries and CMSME initiatives.

By participating in this Bangladesh Bank initiative, Pubali Bank PLC. will further strengthen its role in expanding access to financing for farmers, agriculture-based entrepreneurs and the CMSME sector in northern Bangladesh. The initiative is expected to contribute to increased agricultural production, development of modern agriculture-based industries, stronger supply chains and creation of new employment opportunities, while further strengthening the country’s food security and sustainable rural economy.