Nov 24
Project seeks addl fund, past targets are unmet PDF Print E-mail

The rural development and cooperatives division has sought an additional Tk 7.50 billion for 'one house one firm' project in the current fiscal despite its poor performance, officials said. 



The project, known as Ektee Bari Ektee Khamar, failed to achieve its targets set for the FY 2016-17.

The project roped in fewer beneficiaries and deputation of some project manpower to Palli Sanchay Bank.

However, project officials have blamed the shortage of manpower, lack of coordination and flash floods in some areas of the country for the poor performance.

Meanwhile, the government in the annual development progamme (ADP) allocated Tk 7.72 billion to implement the project during the FY 2017-18.  

The project now aims to form 25,000-30,000 gram unnayan samity (village development association) and select 1.5 to 1.8 million beneficiaries during the current fiscal.

Most of the projects in our country cannot utilise what is allocated in a financial year, said former finance adviser Dr AB Mirza Azizul Islam.

"If the project could not utilise its financial allocation in the current fiscal year budget by November or December, then additional allocation should not be granted or disbursed," he told the FE.

Source (The Financial Express)