Performance Evaluation of Rakub, Rajshahi Branch
CHAPTER-ONE
Rajshahi Krishi Unnayan Bank (RAKUB)
1.1 Introduction:
Bangladesh economy is predominately an agrarian one and dependent on agriculture is considered to be the mainstay of economic life of the people. 85% people of our country are depending upon agriculture directly and indirectly. Major portion of National Income comes from agriculture and development of this country depends upon the development of agriculture. But the financial conditions of the farmer of our country are not satisfactory.
The farmers of this country were oppressed in various ways at the time of British Rule. The indigenous moneylenders and other landlords supplied credit to produce crops and for other purposes to the farmers and many farmers lost their belongings due to not repay their debt. They took “Dadan” from moneylender and when they would repay the money with interest, they would become landless day by day. To ease this situation the Indian British Government introduced the Taccavi loan system. The Indian British Govt. also took a step to disburse agicredit for the socio-economic development of the small and marginal farmers of Bengal in 1932, which was continued to 1935.
After partition of India and birth of Pakistan, then Central Govt. of Pakistan “Agriculture Development Finance Corporation (ADFC)” was established in 1952. But soon it appeared that ADFC was moving slowly due to finance only the long-term schemes for development purposes and the minimum size of a loan was Rs 3000. Agricultural Bank of Pakistan was established under the agricultural Bank act. 13 of 1957.
Control of flood, introduction and increase in demand of new qualified rice and other crops, the increment of demand of the people towards the institution credit specially SACP or as a result of circulating special credit program amounting to Tk. 1 core, etc. have influenced many farmers to be Bank oriented. Since Bangladesh is an Agro-based country. The demand for the loan of
Rajshahi Krishi Unnayan Bank (RAKUB)
1.1 Introduction:
Bangladesh economy is predominately an agrarian one and dependent on agriculture is considered to be the mainstay of economic life of the people. 85% people of our country are depending upon agriculture directly and indirectly. Major portion of National Income comes from agriculture and development of this country depends upon the development of agriculture. But the financial conditions of the farmer of our country are not satisfactory.
The farmers of this country were oppressed in various ways at the time of British Rule. The indigenous moneylenders and other landlords supplied credit to produce crops and for other purposes to the farmers and many farmers lost their belongings due to not repay their debt. They took “Dadan” from moneylender and when they would repay the money with interest, they would become landless day by day. To ease this situation the Indian British Government introduced the Taccavi loan system. The Indian British Govt. also took a step to disburse agicredit for the socio-economic development of the small and marginal farmers of Bengal in 1932, which was continued to 1935.
After partition of India and birth of Pakistan, then Central Govt. of Pakistan “Agriculture Development Finance Corporation (ADFC)” was established in 1952. But soon it appeared that ADFC was moving slowly due to finance only the long-term schemes for development purposes and the minimum size of a loan was Rs 3000. Agricultural Bank of Pakistan was established under the agricultural Bank act. 13 of 1957.
Control of flood, introduction and increase in demand of new qualified rice and other crops, the increment of demand of the people towards the institution credit specially SACP or as a result of circulating special credit program amounting to Tk. 1 core, etc. have influenced many farmers to be Bank oriented. Since Bangladesh is an Agro-based country. The demand for the loan of
References: ❖ Rose, Peter.S. 1999: “Commercial Bank Management” McGraw Estern Hill, Singapore.