Muhith proposes Tk 1.0b for NHRDF

The government will create a fund named "National Human Resources Develop-ment Fund" (NHRDF) to bring positive changes and provide uninterrupted financial support to its different skill development activities.  
Finance Minister AMA Muhith on Thursday proposed an allocation of Tk 1.0 billion for the proposed NHRDF in the national budget for the fiscal year (FY) 2015-16.
He said: "We need to increase labour productivity in tandem which depends on appropriate training, education and healthcare. Presently, 22 ministries and divisions are involved in implementing labour skill development activities."
Initially, this fund will be formed with the contributions of the government and development partners. Later on, it will be funded by industrial firms. NSDA will use this fund to formulate, implement and monitor training programmes on a priority basis after taking into account the demands of  domestic industries and international markets, the minister mentioned in his budget speech.
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