DHAKA [url=http://www.cheapnfldolphinsjerseys.com/]Miami Dolphins Jerseys For Sale[/url] , April 30 (Xinhua) -- Bangladesh's financial institutions disbursed 158.10 billion taka (about 1.95 billion U.S. dollars) as farm credit during the July-March period in the current 2016-17 fiscal year, data from the central bank showed Sunday.

According to the Bangladesh Bank (BB), farm credit disbursements in Bangladesh, where agriculture still remains the dominant sector for economic growth [url=http://www.cheapnfldolphinsjerseys.com/]Cheap Miami Dolphins Jerseys[/url] , surged 30.92 percent year-on-year to over 18.80 billion taka in March.

A central bank official who preferred to be unnamed said farm credit disbursement in March significantly increased as many farmers flocked to low-interest loans during the last few months to procure agro inputs for the current Boro (winter) rice cultivation.

He said more farmers availed the opportunity of farm-credits this fiscal year as the central bank had eased procedures for such loans.

Following disbursement boom in the last 2015-16 fiscal year (July 2015-June 2016), the central bank raised the farm credit target by 7.01 percent to 175.50 billion taka for the current 2016-17 fiscal year.

BB Governor Fazle Kabir had earlier said the disbursement of farm credit crossed the target in the last 2015-16 fiscal year as the central bank has strengthened its monitoring and supervision to the lenders.

The Bangladesh Bank set up the credit program to boost the country's agro-based economy as the Bangladeshi government gave special attention to the sector to augment domestic food production, said the BB official. (1 U.S. dollar equals to about 81 taka).

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