Bangladesh Bank has amended the policy of its Tk 10,000 crore agricultural refinance scheme aimed at boosting agricultural production, ensuring food security, and creating rural employment. The central bank’s Agricultural Credit Department issued a circular on Sunday announcing the revisions, which modify two sections of an earlier circular issued on June 8.

Under the revised policy, the refinance fund will now be formed and operated using surplus liquidity from scheduled banks, instead of being financed directly by Bangladesh Bank as previously planned. The duration of the scheme has also been shortened from five years to three years, effective from the date of the circular’s issuance.

The changes are intended to adjust the funding structure and operational timeline of the scheme to better align with current financial conditions and policy priorities.