Connect with:
Saturday / December 21. 2024

logo
mobile-logo
HomePosts Tagged "training"
Finance, Sustainability, World

The financing supports domestic food production, reduces import dependency, and addresses food security challenges arising from economic, climate, and regional political uncertainties

The Asian Development Bank (ADB) and Bank Respublika Open Joint Stock Company signed a 34 million Azerbaijan manat loan (around $20 million) to support women borrowers and micro, small, and medium-sized enterprises (MSMEs) involved in agricultural production, processing, and trade in Azerbaijan.

The financing supports domestic food production, reduces import dependency, and addresses food security challenges arising from economic, climate, and regional political uncertainties. Boosting the agriculture sector has significant potential to reduce poverty as most of the country’s food is produced by smallholder farmers.

“MSMEs are essential to lift incomes and create jobs in Azerbaijan, as they employ more than two-thirds of working people and nearly 40 per cent of registered women-owned businesses are in the agriculture sector. Bank Respublika is a longstanding reliable partner of ADB and its work aligns with ADB’s goal of improving food security, strengthening agriculture, and helping women to access finance, training, and markets. We look forward to our continued partnership with Bank Respublika” said Candice McDeigan, ADB’s Azerbaijan Country Director.

A majority of private businesses in Azerbaijan are MSMEs with almost half of them located in rural areas. Despite their importance, MSMEs struggle to access financial resources, making it harder for them to secure bank loans than larger firms. The country’s financial sector is slowly recovering from the impact of COVID-19 while currency-related risks continue to be a concern in the banking sector.

“Bank Respublika is a strong and valued partner due to its significant presence in rural areas, focus on MSMEs, and commitment to improving financial access for women and rural customers,” says Suzanne Gaboury, ADB Director General for Private Sector Operations. “This deal draws from our regional experience, particularly the advantages of using local currency to strengthen capital markets.”

ADB will also issue a Manat-denominated bond to support the loan. ADB will also work with Bank Respublika to promote gender equality through a professional development certification program for women employees and tailored financial services for female clients. ADB will work with Bank Respublika to develop gender-disaggregated loan data and provide training to loan agents on understanding women’s business concerns.

The financing supports domestic food production, reduces

Acquaculture, India

Household economy of rural women to get a boost

Ornamental fish farming is an enterprise which will boost the household economy of rural women and will play a significant role in the Indian export as well as domestic market. 

To popularise ornamental farming activity among the women of Sundarbans, ICAR-Central Inland Fisheries Research Institute, Barrackpore has initiated promotion of ornamental farming in the Pachapara-Narayantala village involving five Self Help Groups with 50 Scheduled caste (SC) women beneficiaries.

Under the SC Programme 50 beneficiaries were selected on a mission mode approach in a cluster basis for hands on training, demonstration as well as providing initial inputs such as 500 Litre Fiber tank, aerator and other accessories like thermostat, live-bearer fish fingerlings, ornamental fish feed.

Dr B K Das, Director, ICAR-CIFRI inaugurated the mass awareness cum training cum input distribution to empower rural women of Pachapara-Narayantala village, South 24 Parganas in association with Kultali Milon Tirtha Society and Rotary International. 

Das stressed upon various aspects of ornamental fish farming and its avenue to boost the rural economy and household income for a long run without any labour migration, which will provide additional income of Rs. 500-2000/ family/month when adopted

ICAR-CIFRI has also adopted 50  families from this area, who are now scaling up and getting their livelihood from this source.

The innovative approach developed by the ICAR-CIFRI to create an ornamental fish village is a step towards developing rural enterprise among the women to address the SDG- 5 of UN.

Household economy of rural women to get