Famers are yet to avail banking services though Bangladesh Bank has been long pressing for opening branches in rural areas to make the economy inclusive.
More than 63 percent farmers cannot but collect loans from different non-government organisations (NGOs) as merely 26 percent of them get bank credits.
A 3.67 percent of farmers are compelled to collect loans from village moneylenders. An average of 7 percent farmers receive credits from relatives and friends.
The findings were available in a report on the Agriculture and Rural Statistics 2018, unveiled by the Bangladesh Bureau of Statistics (BBS), a state agency, on Sunday.
Of the 275,000 families surveyed by the BBS, some 40 percent have collected loans from different sources. Farmers have collected maximum Tk53,000 in loan from banks on an average.
Farmers on an average have received Tk 42,000 from village creditors, Tk41,000 from relatives while Tk39,000 from NGOs and Tk31,000 from other sources.
According to the BBS report, farmers have spent 62 percent of the loans on agriculture, 12 percent on home repair, 9 percent on livestock, 5 percent on healthcare, 4 percent on wedding, 2.5 percent on education and 5 percent on other purposes.