** People rescuing an injured passenger from inside a passenger bus hit by a truck on Dhaka-Mawa Expressway in Shologhar area of Shreenagar upazila in Munshiganj on Thursday. ** Motorcycles allowed on Padma Bridge after 10 months ** Commuters charge extra fare, passengers disappointed ** 78 people killed in Yemen stampede ** Moon sighting committee meets today to ascertain Eid day ** 9 killed in road accidents in 3 districts ** US announces new $325 m military aid package for Ukraine ** Eid-ul-Fitr in Saudi Arabia today ** Eid exodus begins ** LPG price cut illusive ** 15 hurt as bus overturns in capital ** New interbank cheque clearing timings set for Eid holidays ** Four women hit by a train die in Tangail ** 12.28 lakh SIM users left Dhaka on Tuesday ** Sylhet engineer threatened over power outage ** People rush to village homes to spend Eid holidays with their near and dear ones. This photo was taken from Sadarghat Launch Terminal on Tuesday. NN photo ** Surge in cases of dehydration, diarrhoea amid summer heat wave ** Padma Bridge construction cost increases by Tk 2,412cr ** PM gives Tk 90m to Bangabazar fire victims ** Textile workers block highway demanding wage, Eid bonus ** Attack on PM's motorcade Ex-BNP MP, 3 others get life term ** Load-shedding increases for demand of electricity during heat wave ** Motorbikes to be allowed on Padma bridge from Thursday ** 5-day Eid vacation begins from today ** Take Nangalkot train accident as a warning about negligence of govt functionaries **

Cattle fattening sector can borrow from Tk 5,000cr refinance scheme

22 March 2023
Cattle fattening sector can borrow from Tk 5,000cr refinance scheme

Business Report :
The Bangladesh Bank has included the cattle fattening sector in the list of the beneficiaries that would qualify for loans under its Tk 5,000 crore refinance scheme aimed at ensuring food security.
In November, the central bank formed the refinance scheme to ensure food security as the banking regulator thinks the world might face a food crisis in the days to come. The loans will have to be disbursed to the sectors such as the cultivation of rice, vegetables, fruits and flowers, fish and poultry farming, and milk production, it said at that time.
In a notice on Tuesday, the BB said the cattle fattening sector has been added to the sectors that would be eligible for loans under the scheme.
In Bangladesh, there has been growing interest among farmers in rearing and fattening bulls, encouraged by high domestic prices which enable making a profit alongside an Indian clampdown on illegal inflows of cattle.
Over the past five years, the number of farmers engaged in the practice has risen alongside the number of bulls. In 2017, there were 33.42 lakh cattle under the special regime, which involves nutritious diets and movement restrictions, according to the Department of Livestock Services. Last year, farmers reared 41 lakh cattle. Under the central bank scheme, farmers will be able to take loans at 4 per cent interest. Banks will be allowed to take loans at 0.5 per cent interest from the fund, meaning that they will enjoy an interest margin of 3.5 per cent after disbursing the fund to the farmers.

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