PRAN Dairy Limited and Rajshahi Krishi Unnayan Bank (RAKUB) signed a deal on supply chain finance to assist the dairy farmers of the North-Western part of Bangladesh.
Under the deal, farmers will get money in their bank account after providing the milk to PRAN Dairy. Besides, if farmers show interest in establishing a dairy firm, they are able to manage the desired loan from this bank. As a result, farmers will be solvent, and milk production will increase.
Niranjan Chandra Debnath, Managing Director of RAKUB, and Uzma Chowdhury, Director (Corporate Finance) of PRAN-RFL Group, signed the deal on behalf of their company on Thursday afternoon at the head office of PRAN at the capital’s Badda.
Raisul Alam Mondal, Chairman of RAKUB, Ahsan Khan Chowdhury, Chairman and Chief Executive of PRAN-RFL, and high officials of both sides were also present at the program.
Addressing the programme, Niranjan Chandra Debnath said this initiative will help our dairy sector go ahead. Under the deal, dairy farmers and milk processor will be beneficial.
Uzma Chowdhury said, “this initiative will help us to move forward to ‘Smart Bangladesh’ gradually. Now, Dairy farmers will receive money through their bank accounts. Besides, they can able to supply more milk in the flash season.
RAKUB will support providing the working capital. PRAN will be able to process a large amount of milk obtained at flash season and convert it to powder milk which will help us to meet the demand during the lean season.”
