Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Sunday, February 17, 2019 10:40:42 AM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

BHBFC to disburse credit among farmers to build model house

By
11th-Sep-2018       
Comments
Share your thought
Post a comment »
Read all () »

Economic Reporter :
Bangladesh House Building Finance Corporation (BHBFC) has taken a plan to disburse credit among farmers under the 'Krishak Abashan Reen' programme for constructing their houses with a specific model called 'Koto System'.
"We've already got approval from the Finance Ministry in this regard. We're going to work with a private company for transferring the Koto System to the farmers," BHBFC Managing Director Debasish Chakrabarty told.
Like Malaysia, Vietnam and Singapore, he said, the house will be popular in the country as the construction cost of the eco-friendly house is very low.
"The construction cost will reduce to Tk 800 per square feet from the existing Tk 2,000 or Tk 1500, and the house will help protect arable land," he said.
Debasish said construction of unplanned structures for housing purpose is destroying arable land in rural areas every year.
He said BHBFC will provide the loan at single digit (8 percent) interest rate so that farmers can easily build their houses.
BHBFC is now offering 9.5 percent interest rate for Dhaka and Chattogram metropolitan areas while 8.5 percent for other areas. But, BHBFC has sent a proposal to the Finance Ministry to lower the interest rate to 9 percent for Dhaka and Chattogram metropolitan areas.
Debasish said the Islamic Development Bank (IsDB) is likely to start releasing Tk 1,000 crore soft loan for BHBFC to extend the housing credit programme across the country, particularly in rural areas.
"The formalities of releasing the loan are underway. We expect that IsDB would release the loan in October this year. The loan will be given to middle- and lower-income people of the rural areas for construction of multi-storey residential buildings," he added.
Finance Minister AMA Muhith and IsDB President Bandar MH Hajjar signed an agreement in this regard at the 43rd annual meeting of IsDB in Tunisia in April this year.
Debasish said BHBFC will provide low-cost home financing to lower-income rural people through the IsDB assistance.
He said the loan will play a vital role to implement the planned housing programme in rural areas as the construction of unplanned houses is severely affecting arable land across the country.
The managing director informed that BHBFC is offering seven types of products to take the services of the corporation to people.
The products are Nagar Bondhu, Nagar Bondhu Flat, Palli Ma, Abashan Unnyan Reen, Abashan Meramat Reen, Probash Bondhu and Krishak Abashan Reen.
He said BHBFC disbursed Tk 360.02 crore in fiscal 2017-18, while Tk 278.51 crore in fiscal 2016-17 and Tk 247.98 crore in fiscal 2015-16.
BHBFC is giving training to its field-level officials to increase the standard of its loan services. As a result, realisation of loans from borrowers has significantly increased, he added.
Debasish said BHBFC has also opened a helpdesk for giving information and resolving problems of its borrowers.

Tariff
Add Rate

News Archive

Inside The New Nation

Editorial »

Ensure safety for patients in the hospitals by any means


CITY'S Shaheed Suhrawardy Medical College Hospital has started operations after a messy situation caused by fire on Thursday evening. Director of the SSMCH said a total of 1,174 patients, including 72 children, were shifted to other government hospitals after the fire originated at the children's ward on the second floor ...

Sports »

Stunned Japan swimmers back stricken Olympic pin-up Ikee


AFP, Tokyo :Japanese swimmers have vowed to step up their efforts in support of Rikako Ikee, the poster girl for the 2020 Tokyo Olympics who has announced she is suffering from leukaemia.Earlier this week, the 18-year-old swim queen tweeted that she had cut short a training camp in Australia after ...

Football »

Capoue sends Watford into FA Cup quarter-finals at QPR's expense


Etienne Capoue's goal in first-half stoppage time was enough to give Watford a 1-0 win away to Queens Park Rangers (QPR) on Friday that saw the Hornets into the quarter-finals of the FA Cup.Both sides had opportunities in an even opening period that belied the fact that Watford are eighth ...

International »

Turkey has not revealed all about Khashoggi killing : Erdogan


AFP, Ankara :Turkey has not yet revealed all the information it has discovered about the killing of journalist Jamal Khashoggi in the Saudi consulate in Istanbul, President Recep Tayyip Erdogan said Friday."We haven't given all the elements we have at our disposal," the Turkish head of state said during an ...

Entertainment »

Fagun Haway' draws huge acclamation


Entertainment Desk :The premier show of 'Fagun Haway', a movie based on the 1952 Language Movement, draw a large number of film loving people at cinema halls.Actor turned director Tauquir Ahmed directed the movie which was released simultaneously at 52 cinema halls across the country.The story of the movie was ...

City »

The Namaz-e-Janaza of Poet Al Mahmud was held at the Jatiya Press Club on Saturday.


Editorial »

Save the Sunderbans to save the Royal Bengal Tigers


FOR the constant rise in sea levels and rapid climate change, the famous Royal Bengal Tigers of the Sunderbans could be disappeared within 50 years, especially from the Bangladesh part, according to a new study published recently in the journal Science of The Total Environment. A team of Bangladeshi and ...

City »

Members of RAB-2 nabbed one on Friday from Narayanganj for taking money from government officials from different areas in the country impersonating Anti-Corruption Commission official.


.

Cricket »

Feels like it`s a blessing to just be playing again: Steyn


Agency :Dale Steyn, the South African mainstay, continued to impress on his comeback trail, as he bowled at high pace and picked up four wickets over a long spell on Day 2 of the first Test of the two-match series versus Sri Lanka in Durban.The veteran fast bowler bowled at ...

Entertainment »

Shanta Jahan feels comfortable in hosting


Sheikh Arif Bulbon :Popular host of present time Shanta Jahan has to be engaged with hosting round the year in and outside the country in different stage shows and TV programmes. Besides hosting, she has more identities. She is also a model and TV actress. But she always feels comfortable ...

International »

Trump heavier, but in ‘very good health’: Doctor


AFP, Washington :President Donald Trump is a little heavier than last year and needs a higher dose of cholesterol medicine, but remains in "very good health," his official doctor said Thursday.The presidential physician, Sean Conley, said Trump, 72, passed his medical exam last week with flying colors."It is my determination ...

Cricket »

It was difficult to hit through the line of the ball in Napier: Guptill


Martin Guptill is happy to work his way through the travails of a slow Napier pitch and score an ODI hundred, which helped New Zealand beat Bangladesh by eight wickets in the opening game of the three-match series. The hosts had notably lost the ODI against India here couple of ...

International »

Taliban announces surprise talks with US in Pakistan


PTI, Islamabad :The Taliban said Wednesday that its negotiators would meet US envoys for talks this month in Islamabad, and also sit down with Pakistan Prime Minister Imran Khan to discuss Afghanistan.While Islamabad did not immediately confirm the talks, Washington said it had "noted" the announcement, which comes after weeks ...

International »

Judge finds Manafort lied to investigators in Russia probe


AP, Washington :Former Trump campaign chairman Paul Manafort intentionally lied to investigators and a federal grand jury in the special counsel's Russia probe, a judge ruled Wednesday.U.S. District Judge Amy Berman Jackson's decision was another loss for Manafort, a once-wealthy political consultant who rose to lead Donald Trump's 2016 campaign ...

Editorial »

Myanmar`s provocation: Dhaka should deal with the issue delicately


YET again Myanmar has shown Saint Martin's Island of Bangladesh as of its part in the official map. Protesting it, Dhaka on Thursday summoned Myanmar Chargé d'affaires and handed over a strongly worded protest note also expressing serious dissatisfaction over repeating such false claim, and demanded immediate corrective measures. Director ...

 
Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
 
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Email:
Write a comment to this news