Dhaka, June 9 -- Bangladesh Bank (BB) has formed a new Tk 10,000 crore refinancing scheme from its own funds to boost agricultural production, ensure food security, and create employment opportunities in rural areas.

Under the five-year scheme, farmers will be able to access low-interest loans capped at an 8 percent interest rate.

Bangladesh Bank buys $85 million in a single day to maintain exchange rate stability

The Agricultural Credit Department of the central bank issued a circular in this regard last night (Monday night), sending it to the chief executives of all scheduled banks.

The initiative aims to financially empower genuine farmers and rural entrepreneurs. Small, marginal, sharecroppers (Borga chashi), and women farmers wil...