Agrani Bank – Loan for the Disabled Persons (LDP)

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.

Loan for the Disabled Persons (LDP) has introduced for the disabled persons with a view to bring them into the mainstream development activities of the country. A man who is physically disabled but mentally sound can avail the loan under the program. A disabled person individually or jointly with his competent family member can avail the loan. The maximum loan ceiling is Tk.25,000 for the first time and Tk.50,000 for the second time. The rate of interest is only 9.00% per annum. It is a collateral free loan program and its activities are extended in all the branches of the bank.