To keep the price of fertilizer, one of the agricultural inputs, at a tolerable level and to keep the supply normal, the central bank has ordered to give top priority to open credit for the import of fertilizers.
At the same time, it has been asked to keep the cash margin rate at a minimum level based on banker-customer relationship in setting up fertilizer import credit. The Banking Regulations and Policy Department (BRPD) of Bangladesh Bank has issued a notification in this regard on Wednesday.
It is said in the notification, from now on, the highest priority should be given in opening fertilizer import credit. This directive will remain in force till December 31 this year.
A senior officer of BRPD said, “Even if there is a dollar-crisis in any bank, fertilizer loans should be opened first on a priority basis.” Apart from that, the margin should be kept zero in the import of fertilizers. Through this circular, priority has been given to the import of fertilizers. Margin was not fixed in case of fertilizer also earlier. But if the supply of fertilizers continues, it is good for agricultural production, it will increase production.
