Agrani Bank – Marginal and Small Farm System Crop Intensification Project (MSFSCIP)

Agrani Bank emerged as a Nationalized Commercial Bank following the Bangladesh Banks (Nationalization) Order 1972 vide President’s Order No. 26 of 1972 under which former Habib Bank Limited and Commerce Bank Limited and renamed as Agrani Bank. The Bank was incorporated as a State-owned Commercial Bank on 17 May 2007 under the Companies Act 1994. On a going concern basis, Agrani Bank Limited took over the business, assets, liabilities, rights and obligations of Agrani Bank through a vendor’s agreement signed on 15 November 2007 between the Ministry of Finance of the People’s Republic of Bangladesh and the Board of Directors of ABL with retrospective effect from 01 July, 2007.

Marginal and Small Farm System Crop Intensification Project (MSFSCIP) is another IFAD aided project. The activities of the project are extended in 9 upazillas of Kurigram district. The primary objective of the project is to establish a sustainable linkage between the SHGs (Self-help groups) and the bank so that the rural people become bankable. It is a collateral free loan and it is under refinance scheme of Bangladesh Bank. The rate of interest is only 9.00% per annum.