MoU signed for extending loan facilities to fish farmers
A Memorandum of Understanding (MoU) was signed between Bangladesh Shrimp and Fish Foundation (BSFF) and Bangladesh Commerce Bank Ltd (BCB) at Dilkhusha Yunus Trade Centre in the capital on Monday.
BSFF Chairman Syed Mahmudul Huq and BCB Managing Director RQM Forkan signed the MoU on behalf of their respective enterprises.
BCB Chairman Engineer Rashid A Chowdhury, Department of Fisheries Director GeneralSyed Arif Azad, IFC Managing Director and former Commerce Secretary Md. Ghulam Hussain were also present along with other high officials.
The MoU is expected to help develop credit products for fish farmers in Bangladesh and it was signed with the objective of assessing the credit needs of the small fish farmers in Bangladesh who play an important role in the fish production and its national growth and development of Bangladesh.
It is widely recognized that the production of small fish farmers can be increased manifold if they make adequate investment in infrastructure, quality seed, and feed and good aquaculture practices.
Under the MoU, BSFF and BCB would work together to develop business models and credit products from private financial institutions which can be taken advantage of small fish farmers.
During the signing ceremony, Chairman of BSFF and BCB hopefully said that cooperation between their two organisations will open up new opportunities for pro-growth inclusive growth in the fisheries sector.