Agrani Bank has decided to cut the rate of interest of industrial credit by 1.5 per cent with a view to encouraging and accelerating the development of the industrial sector, says a press release.

The loanees of different term loans will get the advantage of this rate cut.

The bank hopes that as a result of this cut. loanees would Sot encouraged to pay their ebts in time. The bank also invites genuine and fresh entrepreneurs to set up new prospective industries, the release added.