Breaking News
June 21, 2020 - The tiger hunter chess is infected with corona
June 16, 2020 - (no title)
June 16, 2020 - আবদুল্লাহ বঙ্গবন্ধুর আদর্শের পরীক্ষিত সৈনিক ছিলেন: প্রধানমন্ত্রী
June 16, 2020 - International United Kingdom International news Life-saving drugs have been found in the treatment of corona: BBC
June 12, 2020 - এই সময়ে জ্বর হলে যা করবেন
June 12, 2020 - ‘সরল মনে বললেও বর্ণবাদী মন্তব্য কখনোই নয়’
June 12, 2020 - বাজেট সরকারের সময়োচিত সাহসী চিন্তার ফসল: কাদের
June 12, 2020 - India confirms 8,107 coronavirus deaths
June 12, 2020 - MP Moslem Uddin, 9 other members of family test Covid positive
June 12, 2020 - Mohammad Rassel, Managing Director and Chief Executive Officer of Evaly along with Sushil Chandra Ghosh, Chief Operating Officer of Partex Furniture Industries Limited (PFIL), poses after signing an agreement at the head office of Partex Furniture at Tejgaon in the capital on Wednesday. Under the deal, Partex Furniture will sell a variety of products in Evaly as an approved online-based marketplace.
June 11, 2020 - Chess match
May 29, 2020 - করোনার আগুন (কবিতা)
May 5, 2020 - 90 pc Boro paddy harvested in haor areas: Razzaque
May 5, 2020 - Govt. committed to do everything for agri dev: Shahab Uddin
May 5, 2020 - 54.48 lakh people get relief support in Rajshahi division
May 3, 2020 - BSTI accelerates activities to keep import normal amid COVID-19
April 22, 2020 - Bangladesh reports 10 more deaths, 390 fresh positive cases from COVID-19
April 22, 2020 - Sherpur beggar gets house for setting rare instance of help
April 22, 2020 - IEB launches telemedicine service amid coronavirus crisis
April 22, 2020 - Panthapath landlady sent to jail for evicting helpless tenant
April 20, 2020 - Govt to procure 21 lakh MT food grains this season: PM
April 20, 2020 - 9,097 tonnes of foodstuffs distributed in Rajshahi division
April 20, 2020 - Save the Children piloting free telemedicine consultation services
April 5, 2020 - ছুটি ১৪ এপ্রিল পর্যন্ত বাড়ল
April 5, 2020 - কোভিড-১৯ মোকাবিলায় ৭২,৭৫০ কোটি টাকার প্যাকেজ ঘোষণা করেছেন প্রধানমন্ত্রী
April 5, 2020 - PM unveils Tk 72,750 crore package to overcome Covid-19 impact
April 2, 2020 - সরকারি কর্মকর্তা-কর্মচারীদের মাস্ক ব্যবহারের নির্দেশ প্রধানমন্ত্রীর
April 2, 2020 - সাবেক ভূমিমন্ত্রী শামসুর রহমান শরীফ ডিলু ইন্তেকাল করেছেন
April 2, 2020 - PM mourns death of Shamsur Rahman Sherif, MP
April 1, 2020 - করোনার ভ্যাকসিন তৈরি করবে ব্রিটিশ আমেরিকান টোবাকো, জুনের মধ্যেই
IFAD signs deal with BD to launch micro enterprise project

IFAD signs deal with BD to launch micro enterprise project

DHAKA:The International Fund for Agricultural Development (IFAD) and the government of Bangladesh have signed an agreement to launch a project to accelerate inclusive economic growth, sustainable reduce poverty and improve food and nutrition security for 445,000 rural families.
The financing agreement for the Rural Microenterprise Transformation Project was signed by IFAD President Gilbert F Houngbo and Secretary of the Economic Relations Division (ERD) Monowar Ahmed, said a press release.
The total cost of the project is US$200 million, of which IFAD is providing an US$80 million loan and US$1 million grant. The remaining costs will be covered by the implementing agency Palli Karma-Sahayak Foundation (US$13 million), the beneficiaries themselves (US$0.9 million) and collaborating entities in the private sector, partner organisations and non-bank financial institutions (US$96.8 million).
Poverty rates in Bangladesh have decreased from 49 percent in 2000, to 24.3 percent in 2016. In spite of this impressive progress, an estimated 40 million people still live below the poverty line. Rural poverty remains higher than urban poverty, and agriculture accounts for only 15.4 percent of the GDP, but employs 41 percent of the population.
According to Omer Zafar, country director of IFAD in Bangladesh, the key drivers constraining the agriculture sector are farmers’ limited access to what they need- updated technology, viable markets, and financial services.
“Millions of small farmers and micro entrepreneurs are unable to transition from semi-subsistence farming to commercial operations. A wide range of underlying causes hampers this transition process, among them low productivity, outdated technologies, lack of differentiated produce, poor quality of output, limited processing to add value, inadequate advisory services, insufficient access to financial services and the absence of structured markets,” said Zafar.
This new project aims to respond to these challenges by boosting the agribusiness sector and increasing the overall profitability of farming by integrating food production with selected agriculture value chains.
Focusing on the districts of Chattogram, Khulna, Rajshahi and Rangpur, the project will offer small-scale farmers and micro entrepreneurs access to improved production technologies, financial services and market linkages.
“The project will create synergy between producers and agribusinesses, enabling sustained income growth and employment creation,” Zafar added.
The project will also organise and train producers to have the necessary skills to meet food safety standards, enabling them to increase the quantity and improve the quality of their output. This will also ensure higher-quality produce is available for agribusinesses.
The project is in line with Bangladesh’s National Agriculture Policy which aims to accelerate the transformation from semi-subsistence to commercial agriculture through productivity gains diversification, value addition and agro processing. Since 1978, IFAD has financed 34 rural development programmes and projects in Bangladesh, benefitting almost 12 million households, with a total cost US$ 2.3 billion, of which IFAD has invested US$913 million.

About author


Reflection Team


আবদুল্লাহ বঙ্গবন্ধুর আদর্শের পরীক্ষিত সৈনিক ছিলেন: প্রধানমন্ত্রী

আবদুল্লাহ বঙ্গবন্ধুর আদর্শের পরীক্ষিত সৈনিক ছিলেন: প্রধানমন্ত্রী

: প্রধানমন্ত্রী শেখ হাসিনা ধর্ম বিষয়ক প্রতিমন্ত্রী ও একাত্তরের মুক্তিযুদ্ধের প্রবীণ নেতা অ্যাডভোকেট শেখ মোহাম্মদ আবদুল্লাহর মৃত্যুতে শোক জানিয়েছেন। এক…

Recent Video

Photo Gallery

Folder not found