RAKUB accelerates agro-based economy in northwest region


Rajshahi Krishi Unnayan Bank (RAKUB) has been

playing a vital role towards bolstering the agro-based economy through

financial investment in the country's northwest region.

The specialized state-owned commercial bank has been providing loans to the

grassroots farmers to supplement the government efforts of making the country

self-reliant in food production.

The Board of Directors of the bank revealed this while sharing their views in

the 563rd board meeting with its Chairman Roisul Alam Mondal in the chair

here today.

Through its 383 branches at present, RAKUB has been operating its activities

as the largest development partner in all the 16 northwest districts of

Rajshahi and Rangpur divisions targeting the agricultural sector and all its


As the largest development partner in agriculture as well as agro-based

industrial sector of northwest Bangladesh, currently, the bank has adopted

the effective work plan which is being implemented at the grassroots-level to

attain all the targets within the stipulated time.

RAKUB has not only developed the agricultural sector in the country's

northwest region but also played a vital role towards its industrialisation.

RAKUB Managing Director Niranjan Chandra Debnath and Directors GSM

Zafarullah, Habibur Rahman, Shamsul Wadud, Abdur Rouf and Aftab Hossain

joined the meeting held at RAKUB headquarters boardroom.

Niranjan Chandra Debnath told the meeting that their bank has attained

operational profit worth Taka 44.8 crore in the last 2021-2022 financial year

overcoming the loss of Taka 3.10 crore incurred in the previous 2020-2021

fiscal year.

It has also attained operational profit worth Taka 22.95 crore during the

first six months of the current 2022-2023 financial year up by Taka 19.31

crore in corresponding period of the previous 2021-2022 fiscal year.

Niranjan Debnath said they disbursed agricultural loans of around Taka

1,954.17 crore aimed at increasing crop production and boosting rural economy

during the first six months of the current fiscal year.

Target has also been set to recover loans of Taka 3,526 crore, including

classified loans with Taka 500 crore, and raise deposit collection to Taka

3000 crore.

The bank is bringing all existing agricultural potential sectors and sub-

sectors under qualitative and quantitative investments to make the region's

agro-based economy more vibrant.

Source: Bangladesh Sangbad Sangstha