Ektee Bari Ektee Khamar project explained

Ektee Bari Ektee Khamar project
Formation:2009
Headquarters:Dhaka, Bangladesh
Region Served:Bangladesh
Language:Bengali
Website:Ektee Bari Ektee Khamar project

Ektee Bari Ektee Khamar project (one house, one farm, project) is a Bangladesh government social welfare program designed to promote farming and welfare in rural Bangladesh and reduce rural poverty in Bangladesh through small loans.[1] Akber Hossain is the project director in charge.[2] [3] It is an initiative of Prime Minister Sheikh Hasina.[4]

History

The Ektee Bari Ektee Khamar project was established in 2009, with an initial budget of 14.9 billion taka. The project has provided financing to 21.8 million people and formed about 90,000 Village Development Associations. The government matches the savings, up to 200 taka per month, of Village Development Associations members. In 2016, its budget was increased to 80 billion taka.[5] The association also provides small loans to its members.[6] Palli Sanchay Bank was established in 2014 with 49 percent of the shares owned by members of the Ektee Bari Ektee Khamar project and the rest by the Government of Bangladesh.[7] In 2017, the project failed to meet its target loans. The project was authorised to have 11,627 staff but had only about half at 5,511.[8]

In February 2019, Ektee Bari Ektee Khamar announced plans to raise the ceiling of individual loans from 50,000 to 100,000 taka.[9] On 6 July 2019, employees of Ektee Bari Ektee Khamar and Palli Sanchay Bank held protests demanding the regularisation of their jobs. They also accused the Bank chairperson of being corrupt.[10]

Notes and References

  1. News: Loans empowering rural women . 22 June 2020 . Daily Sun . en.
  2. Web site: bn:আমার বাড়ি আমার খামার প্রকল্প . http://www.ebek-rdcd.gov.bd/site/page/da340399-e912-46a4-a262-e01c4917cd28/- . ebek-rdcd.gov.bd . 22 June 2020 . bn.
  3. News: 'Ektee Bari, Ektee Khamar' project changes rural women's fate . 22 June 2020 . newstoday.com.bd.
  4. News: Govt to highlight PM's 8 innovative initiatives . 22 June 2020 . The Daily Star . 6 January 2016 . en.
  5. News: Tk 100,000 loan initiative for extreme poor on the card . 22 June 2020 . Bangla Tribune . en.
  6. News: Loans empowering rural women . 22 June 2020 . Daily Sun . en.
  7. News: Palli Sanchay Bank edging closer to reality . 22 June 2020 . The Daily Star . 3 July 2014 . en.
  8. News: Project seeks addl fund, past targets are unmet . 22 June 2020 . The Financial Express . en.
  9. News: 'Ektee Bari Ektee Khamar' to double maximum loan amount from 2020 . 22 June 2020 . The Independent.
  10. News: 'One House One Farm Project' employees want job regularization . 22 June 2020 . Dhaka Tribune . 6 July 2019.