Industry

BSFF, BCB sign MoU to raise loan facility for small fish farmers

DHAKA, April 11, 2017 (BSS) - Bangladesh Shrimp and Fish Foundation (BSFF) and Bangladesh Commerce Bank Ltd (BCB) have signed a memorandum of understanding (MoU) to develop business models and credit products for the small fish farmers.

Syed Mahmudul Huq, chairman of BSFF, and RQM Forkan, managing director of BCB, signed the MoU on behalf of their respective organizations at Yunus Trade Centre at Dilkusha in the city yesterday (Monday), said a press release.

Engineer Rashid A Chowdhury, chairman of BCB, Syed Arif Azad, director general of Department of Fisheries Bangladesh, Md. Ghulam Hussain, former secretary, Ministry of Commerce and current managing director of IFC, attended the signing ceremony, among others.

The MoU was signed with the objective of assessing the credit needs of the small fish farmers in the country.

It is widely recognized that the production of small fish farmers can be increased manifold, if adequate investments are made in infrastructure, quality seed, feed and good aquaculture practices.

Through the MoU, BSFF and BCB would work together to develop business models and credit products for the small fish farmers, according to the release.

Source: Bangladesh Sangbad Sangstha (BSS)