Social Islami Bank distributes agri finance in Noakhali

Social Islami Bank Limited (SIBL) recently distributed agricultural finance at 4% profit rate among Soybean cultivators of Subornochar, Noakhali.

Md Sirajul Hoque, deputy managing director of SIBL, presided over the distribution programme while Md Abdul Hakim, GM of Agricultural Credit Department of Bangladesh Bank, was present as chief guest.

Md Sirajul Hoque, said, "SIBL for the third time disbursed agricultural finance at 4% profit rate among Soybean cultivators of Subornochar, Noakhali. I hope investment facilities will be extended gradually among more farmers."

Md Abdul Hakim praised this initiative of SIBL and expected that the poverty level would be lessened in this region through this kind of initiative and Bangladesh would achieve capacity to meet the demand of soybean reducing import dependency.

Dr Muhammad Mohiuddin Chowdhury, chief scientific officer of Bangladesh Agriculture Research Institute (Noakhali); Indu Vushon Roy, senior program manager of Solidaridad Network Asia; Sadat Ahmad Khan, SVP and head of SME and AFD of SIBL; Md Moniruzzaman, SVP and head of Marketing and Brand Communication Division of SIBL; Muhammed Abdus Sahid, manager of Maizdee Branch; Md Atiquzzaman, program manager of Solidaridad Network Asia; were present as special guests.

Senior officials of SIBL and soybean cultivators along with local dignitaries were also present.