$20m ADB loan for livestock project
Star Business Report
The Asian Development Bank (ADB) has approved a US$ 20 million loan for a livestock enterprises project aimed at income generating activities in rural areas of 20 north-western districts of Bangladesh. The loan will be distributed through Palli Karma Sahayak Foundation (PKSF) to implement the Second Participatory Livestock Development Project that will help raise incomes of the very poor by 20 per cent. ADB estimates that some nine lakh people will be benefited from the loan through activities involving goat, poultry, dairy and vegetable farming, nursery and small trading enterprises. Under the project, training and micro-finance will be provided to 6.60 lakh households, particularly aimed at the disadvantaged class such as the land-less and destitute women, says a press release. The total cost of the project is $55.8 million, to which the government, NGOs, PKSF, and beneficiaries will contribute a total of $35.3 million while the Danish international development assistance will provide $500,000.
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