Area
Bangladesh
Commodity Group
Rice
Commodity
All
Date
12/04/2020
Policy Category
Production
Policy Instrument
Production support, credit, crop insurance, Government procurement
Description
Announced that a support package would be availed to the agricultural sector to help it cope with the impact of the COVID-19 pandemic. Under the initiative, further to seeing public purchases of 2020 Boro paddy raised by 200 000 tonnes compared with the previous season, as previously announced, BDT 50 billion (USD 577 million) would be availed to small and medium scale farmers as credit at subsidized rates. Funds allocated to help farmers purchase agricultural machinery by subsidizing half their cost would be doubled to BDT 2.0 billion (USD 23 million) and a separate BDT 1.5 billion (USD 17 million) would be destined to distribute seeds and seedlings among affected farmers.
Notes
Exchange rate as of 15 May 2020.
