Draft a circular to branch managers urging them to take appropriate measures to recover long-due agricultural loans.
Posted by Ripon Abu Hasnat on Wednesday, May 28, 2014 | 0 comments
RCD Circular No. 364-11/12 dated
Thursday, May 21, 2012
SUB: MEASURES FOR RECOVERING LONG-DUE
AGRICULTURAL LOANS
Please refer to relevant references, vide our circular numbers: 364-01, 364-02, 364-03, 364-04, 364-05, 364-06 and 364-07 wherein it is clearly stipulated how and when disbursed agricultural loans, especially crop loans, have to recovered and rescheduled. Head Office management has repeatedly instructed our field offices to watch whether the small loans are being serviced properly or not.
But, statistics
emanating from field offices transpire that agricultural loans are getting
time-barred at an alarming rate and the managers of rural branches are not at
all careful about timely servicing of the loans and proper notices are not
being served to defaulting agricultural borrowers.
Our field offices,
especially managers of our rural branches, are hereby advised to enlist the
updated lists of defaulters and send final notices to the concerned borrowers
for repaying their over-due loans by 07 June 2009. Field offices are advised to
institute certificate cases against the defaulters after complying necessary
formalities.
If any branch is found
having more than 10 percent of non-performing agricultural loans stern
administrative actions will be taken against the concerned managers and field
officials.
All employees are
required to read this circular and put their signatures on the blank
spaces of this notification.
spaces of this notification.
Md. X
Deputy General
Manager
Copies for information and necessary actions to: All concerned in Head Office, Regional Offices and Branch Offices.
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