DHAKA, Oct 5, 2023 (BSS) - Milk processor PRAN Dairy Limited and Bangladesh Krishi Bank have signed an agreement on supply chain finance to promote the country's dairy sector.
 
Mohammad Mainul Islam Khan, general manager (in-charge) of the local principal office of Bangladesh Krishi Bank and Uzma Chowdhury, director (corporate finance) of PRAN-RFL Group, signed the deal on behalf of their respective sides today at the head office of the Bank in the capital's Motijheel area.
 
Chairman of the board of directors of Bangladesh Krishi Bank Md.
Nasiruzzaman, managing director Md. Shawkat Ali Khan, deputy managing directors Chanu Gopal Ghosh, Khan Iqbal Hossain, Salma Banu and high officials of Bangladesh Krishi Bank and PRAN were present, among others, at the program, said a press release.
 
Under the deal, farmers will get money in their bank account after providing milk to PRAN Dairy while PRAN will get necessary finance through the bank to assist the dairy sector.
 
Addressing the program, Md. Nasiruzzaman said, "A new door of digital investment has been opened through this agreement for the first time in the history of Bangladesh Krishi Bank. The initiative will help the dairy sector to move forward."
 
Uzma Chowdhury said, "The initiative will help us to move forward to 'Smart Bangladesh' gradually. PRAN Dairy is collecting raw milk from farmers and manufacturing numerous products including pasteurized milk, powder milk, ghee, flavored milk, yogurt, sweet and cheese after processing raw milk."
 
She also said this multi-use of milk would not only play a role to fulfill the demand for nutrition, but also help the farmers to get fair price for the milk and assist them to become an entrepreneur.