BKB to provide loans for tea Farming in hill districts
Bangladesh Krishi Bank will provide loans at the rate of five percent interest to small land owners for tea cultivation in the three hill districts.A memorandum of understanding (MoU) to this effect has been signed between Bangladesh Krishi Bank and Bangladesh Tea Board. AKM Sajedur Rahman, managing director of Bangladesh Krishi Bank (BKB), and SAHM Tawhid, chairman of Bangladesh Tea Board, signed the MoU on behalf of their organisations in Dhaka on Saturday, says a press release. Tawhid said the annual demand for tea is increasing at the rate of 3.5 percent while the increase of production rate is one percent only. If the demand continues, Bangladesh will have to import tea instead of exporting by the year 2015, he added. AKM Sajedur Rahman, managing director of Bangladesh Krishi Bank, said a total of 46,000 hectares of land of the three hill districts may come under tea farming.
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