Agro-Business Financing in Bangladesh
European Journal of Business and Management ISSN 2222-1905 (Paper) ISSN 2222-2839 (Online) Vol 4, No.21, 2012
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Agri Business Financing In Bangladesh, a Case Study on Bangladesh Krishi Bank
Nushrat Nahida Afroz *(Corresponding author) Lecturer, Bachelor of Business Administration Mawlana Bhasani Science and Technology University *E-mail:nnafroz20@yahoo.com. Abstract This paper discusses the important issues pertaining to the agribusiness activities in Bangladesh. The author presents an overview of Bank wise involvement in financing agribusiness. Moreover, the paper also enlightens the investment issues in agriculture sector and other promotional aspects especially with reference to the entrepreneurship in respect of the development of agribusiness. Key words: Agri business, Gross domestic product, Export, Import, Fiscal Year. 1. Introduction Bangladesh the home of 140.00 million people is one of the developing countries of the world characterized by high incidence of landlessness and a labor surplus economy. The global economic environment is undergoing drastic changes with the concept of market economics for sustainable development. Under such an environment, production in both the Agribusiness and Industrial sectors are stagnating the aid pipeline, drying up remittances and as a sequence in investment growing shy. Only exports, especially in non-traditional areas, offer the most promising avenue for sustained growth. In this context agri related business processing industries have enough and fresh opportunities for employment and income generation through increased domestic agricultural production. Bangladesh has considerable potential to increase the production of conventional and non-conventional fruits, vegetables as well as aquatic resources. Production of major agri products in current prices during the last 5(five) years is shown in Annexure-A. The Annexure reveals that there is an increasing trend for all items. Exploitation of this
www.iiste.org
Agri Business Financing In Bangladesh, a Case Study on Bangladesh Krishi Bank
Nushrat Nahida Afroz *(Corresponding author) Lecturer, Bachelor of Business Administration Mawlana Bhasani Science and Technology University *E-mail:nnafroz20@yahoo.com. Abstract This paper discusses the important issues pertaining to the agribusiness activities in Bangladesh. The author presents an overview of Bank wise involvement in financing agribusiness. Moreover, the paper also enlightens the investment issues in agriculture sector and other promotional aspects especially with reference to the entrepreneurship in respect of the development of agribusiness. Key words: Agri business, Gross domestic product, Export, Import, Fiscal Year. 1. Introduction Bangladesh the home of 140.00 million people is one of the developing countries of the world characterized by high incidence of landlessness and a labor surplus economy. The global economic environment is undergoing drastic changes with the concept of market economics for sustainable development. Under such an environment, production in both the Agribusiness and Industrial sectors are stagnating the aid pipeline, drying up remittances and as a sequence in investment growing shy. Only exports, especially in non-traditional areas, offer the most promising avenue for sustained growth. In this context agri related business processing industries have enough and fresh opportunities for employment and income generation through increased domestic agricultural production. Bangladesh has considerable potential to increase the production of conventional and non-conventional fruits, vegetables as well as aquatic resources. Production of major agri products in current prices during the last 5(five) years is shown in Annexure-A. The Annexure reveals that there is an increasing trend for all items. Exploitation of this
References: 01. Activities of Banks Planning.www.mof.gov.bd and financial institutions, 2010-11, 2011-12, Ministry of Finance & 02 28 European Journal of Business and Management ISSN 2222-1905 (Paper) ISSN 2222-2839 (Online) Vol 4, No.21, 2012 ANNEXURE: A Gross Domestic product of Bangladesh at current prices, 2007-08 to 2010-2011 (Figure: Tk. in Millions) www.iiste.org European Journal of Business and Management ISSN 2222-1905 (Paper) ISSN 2222-2839 (Online) Vol 4, No.21, 2012 ANNEXURE-C LIST OF AGRIBUSINESS ACTIVITIES 1 30 European Journal of Business and Management ISSN 2222-1905 (Paper) ISSN 2222-2839 (Online) Vol 4, No.21, 2012 Total : Source: Monthly follow-up statement for the month of June, 2007 and weekly statement dated 30.06.07 prepared by Branches Control Department, BKB, HO, and Dhaka 31 European Journal of Business and Management ISSN 2222-1905 (Paper) ISSN 2222-2839 (Online) Vol 4, No.21, 2012