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| Floods 2004 |
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Nationalised and private commercial banks are set to draw up new loan facilities for flood-hit industrial units after assessing the damage. Branches of all nationalised commercial banks (NCBs) and private commercial banks (PCBs) have been instructed to assess the damage incurred by their borrowers from the devastating floods. It is learnt that some PCBs like the NCBs have deferred loan repayments by borrowers for a period of time with additional steps for post-flood rehabilitation facilities. NCBs have already sent circulars to branches to postpone farm loan recovery drive and asked them not to file any new certificate cases. All branches have been instructed to send details of damage the industrial units have incurred, said Tahmilur Rahman, acting managing director of Sonali Bank. The head office of Sonali Bank will then conduct a case to case assessment of the damage to offer special loan facilities, Rahman added. The factories in Narayanganj are the worst sufferers followed by units in Tongi and Savar, he said. On post-flood rehabilitation programme on the agricultural front, Rahman said Sonali Bank will disburse Tk 700 crore loans, including Tk 400 crore crop credits. Khandakar Ibrahim Khaled, managing director of Pubali Bank Ltd, said loans will be given to factories to replace damaged machinery. He also said ready-made garment exporters have already been given additional loans to recover from the floods. Pubali Bank will also postpone loan recovery programme for three to six months in the agriculture sector, Khaled added. Agrani Bank and Janata Bank have also made similar plans for post-flood rehabilitation for agriculture sector. A high official of Janata Bank said the bank will disburse Tk 400 crore farm loans until Boro paddy season and the bank's 35 mobile teams will monitor the programme. National Credit and Commerce Bank Ltd (NCCBL) has also chalked out an alternative scheme to take a village as a model for introducing post-flood rehabilitation pro-gramme where all flood-affected farmers will be extended support. NCCBL Board of Directors has already approved Tk 10 lakh for the scheme. "We will select a remote village which fails to receive any support," said Nurul Amin, deputy managing director of NCCBL. "Flood-hit farmers in the village will be given all sorts of farming needs until next harvest," Amin said.
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