PKSF launches $200m project for rural microenterprises

Palli Karma-Sahayak Foundation (PKSF), an apex development agency of the country, has floated a new project titled 'Rural Microenterprise Transformation Project (RMTP)' as a major boost to Bangladesh's microenterprise sector, reports UNB.

The six-year $200 million project, jointly financed by PKSF, the International Fund for Agricultural Development (IFAD) and the Danish government was launched on Sunday, IFAD said on Monday.

The Rural Microenterprise Transformation Project (RMTP) will support 450,000 microenterprises representing two million rural women, men and youth.

Md Ashadul Islam, Senior Secretary of the Financial Institutions Division, Ministry of Finance was the chief guest at the RMTP's virtual launching ceremony presided over by PKSF Chairman Dr Qazi Kholiquzzaman Ahmad.

Mohammad Moinuddin Abdullah, the Managing Director of PKSF, delivered the welcome remarks, and Deputy Managing Director Md Fazlul Kader presented on the different aspects of the project.