Modhumoti Bank PLC has signed an agreement with Bangladesh Bank to participate in a Tk 3,000 crore refinance scheme aimed at creating an agriculture-based economic hub in northern Bangladesh. The agreement was signed at Bangladesh Bank’s head office on August 31, 2026, with Deputy Governor Dr Md Kabir Ahmed chairing the ceremony.
The agreement was signed by Shahnawaj Chowdhury, Managing Director (Current Charge) of Modhumoti Bank PLC, and AKM Sayduzzaman, Director of Agriculture Credit Department-2 (ACD-2) of Bangladesh Bank, on behalf of their respective organisations. The initiative will allow Modhumoti Bank to provide financing facilities to customers in the North Bengal region at a concessional interest rate of 7 percent per annum under the central bank’s refinance scheme.
Modhumoti Bank PLC said in a press release that the financing programme would play an important role in developing an agriculture-based economic hub in northern Bangladesh by expanding access to affordable credit for customers in the region.
The signing ceremony was attended by Arief Hossain Khan, Executive Director of Bangladesh Bank, along with Arab Fazlur Rahman, Deputy Managing Director and Chief Business Officer of Modhumoti Bank PLC, and Zahid Al Muntasir, Head of CMSME Business Support at the bank.
The refinance scheme is expected to support agricultural activities and related economic development in the northern region by providing financing support through participating banks.
