Rajshahi Agricultural Development Bank Act, 2014 (Act No. 19 of 2014).
Country
Type of law
Legislation
Abstract
The Act, consisting of 42 sections, establishes that the Rajshahi Agricultural Development Bank is a statutory body with permanent continuity having the power to acquire, possess, and transfer both movable and immovable property. The functions of this bank include: loans to people involved in agricultural, fisheries, livestock and poultry rearing and related industries, including cottage, fisheries and livestock industries. It specifies bank rules and procedures as well as advance payments. The bank may perform the following functions, namely: accept money as deposit; loan against the security of a property or in other way for business purposes; issue and sale of bonds and debentures; loans to small and medium enterprises (SME) subject to compliance with the provisions under the receipt and license of Bangladesh Bank; procurement, stock and other items related to agriculture, fisheries and livestock resources equipment, materials, fertilizers, chemicals or other materials used in agriculture, etc.
Attached files
Web site
Long title of text
Regarding the content of Rajshahi Krishi Unnayan Bank Ordinance, 1986 (Ordinance No. LVIII of 1986), for enactment of new legislation.
Date of text
Entry into force notes
This Act enters into force immediately.
Notes
This Act repeals Rajshahi Krishi Unnayan Bank, Ordinance, 1986 (Ordinance No. LVIII of 1986).
Repealed
No
Source language
English
Legislation Amendment
No
Original title
রাজশাহী কৃষি উন্নয়ন ব্যাংক আইন, ২০১৪ ( ২০১৪ সনের ১৯ নং আইন )