Global Journal of Management and Business Research, B: Economics and Commerce, Volume 21 Issue 5

In FY20, 50 percent of the total agricultural credit distributed to the crops sub-sectors followed by live-stock and poultry (14), other agricultural activities (14%), Fisheries (11%) poverty alleviation (9%), purchase and installation of irrigation equipment (1%), marketing of agricultural goods (1%). From this analysis, we find that agricultural credit distributed to the sub categories has increased and it has crossed the targeted disbursement. VII. C onclusion As a developing country, Bangladesh has to rely on agricultural sector in every respect of economic activities. There is a huge importance of the agricultural sector in order to generate employment and fulfilling the increasing food demand for a rapidly growing population. From the analysis, it is reflected that agricultural credit can be played a significant role in promoting the development of the agricultural sector. The comprehensive policy initiatives of Bangladesh Bank have fostered the agricultural credit access for the poor farmers. Now a days, the integrated efforts of commercial banks including NGO- MFIs also help to expand the access to agricultural credit. Agricultural credit to poor farmers help to increase agricultural production and their household income. The proper policy support for credit program plays a vital role in credit financing to the agricultural households. It will help to ensure sustainable agricultural production growth. So to increase the access to agricultural credit banks should reduce the formal procedure. Minimum formalities with flexibilities can encourage farmers to find loan from formal sector. Banks can arrange seminar to discuss about the formalities of the loan so that farmers can easily understand how to do formalities to get loan As farmers have lack of resources so in that case collateral acts as a hindrance to get agricultural credit. So formal sector should disburse agricultural credit with less amount of collateral which farmers can bear easily. Political interference in the agricultural sector must be removed. Financial institutions and financial services should spread at the remote and rural areas. It will help easy access to financial services for the people of such areas. R eferences R éférences R eferencias 1. Akther, M., Younus, D.S., Parveen, F. and Chowdhury, M.M.I. 2016. Does Agricultural Credit Play Any Role in Reducing Rural Poverty in Bangladesh? Research Department, Bangladesh Bank. WP No. 1604:1-21. 2. Md. Sazzad Hossain Patwary (2017). Performance Evaluation of Agricultural Credit of Banks in Bangladesh. Global Journals Inc. (USA) Volume 17 Issue 5 version 1.0. 3. Alauddin Md. and Biswas, Jyotirmay. 2014. Agricultural Credit in Bangladesh: Trends, Patterns, Problems and Growth Impacts. The Jahangirnagar Economic Review, Vol.25:125-138. 4. Sharmeen, K. and Chowdhury, S.T. 2013. Agricultural Growth and Agricultural Credit in the context of Bangladesh. Bangladesh Research Publications Journal. Vol.8: 174- 179. 5. Islam, M.A., Islam, M.R., Siddiqui, M.H. and Karim L. 2014. Importance of agricultural credit for rural development of Bangladesh: A descriptive approach. International Journal of Economics, Finance and Management Sciences. Vol.2:68-83. 6. Chowdhury, D.T.A. and Chowdhury, M.S.S. 2011. Performance Evaluation of Agricultural Banks in Bangladesh. International Journal of Business and Management. Vol. 6:75-89. 7. Bangladesh Bank Annual Report, Dhaka, Bangladesh. 2001-2020 8. Agricultural & Rural Credit Policy and Programme, Bangladesh Banks, Dhaka, Bangladesh. 2011-2017. 9. Bangladesh Bureau of Statistics (BBS) 10. Ministry of Finance, Bangladesh Economic Review, Dhaka, Bangladesh. Contribution of Banks on Agricultural Development in Bangladesh © 2021 Global Journals 80 Global Journal of Management and Business Research Volume XXI Issue V Version I Year 2021 ( ) B