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2.3 Lakh Farmer Families Achieve Debt Freedom via RAKUB Program

Rajshahi Krishi Unnayan Bank (RAKUB) has successfully implemented a government initiative to make 229,933 small and marginal farmer families debt-free.

By Staff Correspondent
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2.3 lakh farmer families become debt-free thru RAKUB | District
BSS

Rajshahi Krishi Unnayan Bank (RAKUB) has successfully implemented the government's special initiative to provide financial relief to small and marginal farmers. Under this programme, agricultural loans up to Taka 10,000, including both interest and principal, have been repaid. A total of 229,933 farmer families have had their loans repaid, amounting to Taka 225 crore 74 lakh 99 thousand. This initiative is expected to positively impact agricultural production, farmers' financial capacity, and the rural economy. RAKUB expressed gratitude to the Prime Minister for this special benefit to farmers. The bank completed the activities in the shortest possible time by following the prescribed process and remains committed to supporting farmers through various agriculture-friendly programmes.

FAQs

- **What is the total amount of loans repaid under this initiative?** A total of Taka 225 crore 74 lakh 99 thousand has been repaid.

- **How many farmer families have benefited from this initiative?** A total of 229,933 farmer families have had their loans repaid.

- **Which divisions have seen the most benefit from this initiative?** In Rangpur Division, 179,278 farmer families had loans of Taka 178 crore 92 lakh 48 thousand repaid. In Rajshahi Division, 50,637 farmer families had loans of Taka 46 crore 81 lakh 39 thousand repaid.

- **What are the expected impacts of this initiative?** This initiative is expected to increase agricultural production, improve the financial capacity of farmers, and positively impact the rural economy.

Source: BSS

FAQ

What is the total amount of loans repaid under this initiative?
A total of Taka 225 crore 74 lakh 99 thousand has been repaid.
How many farmer families have benefited from this initiative?
A total of 229,933 farmer families have had their loans repaid.
Which divisions have seen the most benefit from this initiative?
In Rangpur Division, 179,278 farmer families had loans of Taka 178 crore 92 lakh 48 thousand repaid. In Rajshahi Division, 50,637 farmer families had loans of Taka 46 crore 81 lakh 39 thousand repaid.
What are the expected impacts of this initiative?
This initiative is expected to increase agricultural production, improve the financial capacity of farmers, and positively impact the rural economy.

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