# Farmers are now eligible for loans at a 4% interest rate to support goat farming

> Farmers in Bangladesh can now obtain loans at a 4% interest rate for kandal crops and rearing goats and sheep under the Bangladesh Bank's Tk5,000 crore refinancing scheme. Initiated on 17 November 2022 to ensure food se…

Published: 2024-07-02 · Desk: Bangladesh · Source: The Business Standard

Farmers in Bangladesh can now obtain loans at a 4% interest rate for kandal crops and rearing goats and sheep under the Bangladesh Bank's Tk5,000 crore refinancing scheme. Initiated on 17 November 2022 to ensure food security, the scheme's duration has been extended until December this year. A new circular issued on 27 June also specified that loans will be available for kandal crops, like potatoes, and for rearing goats and sheep. Previously, the scheme included sectors like paddy cultivation, fish farming, vegetable, fruit, and flower cultivation, poultry, and dairy production. Rising global food prices prompted the central bank to establish the fund to boost local production.

Original reporting: https://www.tbsnews.net/economy/banking/farmers-get-loans-4-interest-goat-farming-885936?amp&fbclid=IwZXh0bgNhZW0CMTAAAR3nH8VPmSl7BsAdchsv8Kw5kUwOwEpCemGTx_fuNJvbSr9eZukACybwaAg_aem_rX9mKgKJHlW9PsgZ2LGQ3w
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