Tk 60cr fund for self-employment of youths

http://www.newstoday.com.bd/index.php?option=details&news_id=41741&date=2011-10-16

Tk 60cr fund for self-employment of youths

The government has set up a Taka 60 crore revolving fund for distribution as microcredit among promising unemployed youths for their self-employment, reports BSS.

The fund would be disbursed under the Ministry of Fisheries and Livestock. Of the total, Taka 20 crore would be spent under the Departments of Fisheries and Livestock.

Fisheries and Livestock Minister Abdul Latif Biswas inaugurated the distribution by giving microcredit to 20 youths at Borodul Union under Belkuchi upazila in Pabna.

Acting deputy commissioner of Sirajganj Golam Rabbani chaired the function, which was addressed, among others, by joint secretary of the ministry Mosharraf Hossain, director general of Livestock Department Ashraf Ali and director Mosaddek Hossain.

Speaking on the occasion, Biswas said the country has little opportunity to provide institutional jobs. Keeping this in view, he said, the government has been inspiriting unemployed and educated youths towards rearing livestock and fish cultivation.

The microcredit will not only generate employment opportunities but also help cut poverty, he added.

The loan is completely interest-free and the borrowers will not have to repay in the first year, officials said.

They said Taka 50,000 would be given for rearing cow and buffalo, Taka 40,000 for goats, and Taka 20,000 for poultry farms.

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