StanChart and BRAC to provide livelihood support for fishermen

Standard Chartered Bangladesh and BRAC have launched a joint initiative to help improve the livelihoods of 350 fishermen based in the Sundarbans, says a press release.
This initiative provides essential supplies such as boats and nets to support small-scale fishermen who have limited access to their own fishing equipment.
By equipping these 350 fishermen with their own tools, the Bank is enabling them to take control of their livelihoods.
As part of the project, two different types of boats - large and small - are being provided to meet the diverse needs of the beneficiary group. A total of 10 large engine-powered boats and nets will be donated.
These larger boats are essential for deep-sea fishing and play a critical role in catching Hilsha fish. Additionally, a total of 50 small boats and nets will be distributed as they are needed to catch white fish within the mangrove forest area.
Naser Ezaz Bijoy, Chief Executive Officer, Standard Chartered Bangladesh, said, "Communities living in the Sundarbans face numerous challenges - including poverty and limited access to essential resources. In particular, fishermen in these areas often struggle to make ends meet. To enhance participation across these communities, Standard Chartered Bangladesh is proud to provide 350 fishermen with access to 60 boats and nets, which will go a long way to emancipate them from the shackles of prohibitively expensive loans and will offer them greater financial independence.”
The agreement between Standard Chartered Bangladesh and BRAC was signed by Naser Ezaz Bijoy, Chief Executive Officer, Standard Chartered Bangladesh, and Asif Saleh, Executive Director, BRAC.