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Agriculture, Employment, Global Poverty

Ekti Bari Ekti Khamar: How Enterprise is Transforming Bangladesh

Ekti Bari Ekti KhamarBangladesh has unfortunately lived through a tumultuous history – fighting for its independence and undertaking a long road to recovery which persists. This resulted in 80% of people living below the low-income level in Bangladesh just after independence in 1971. Thankfully, the poverty rate has halved in the last three decades, since 1990. This is remarkable and displays the efforts made by this resilient nation towards improving the living standards of its people. A pivotal government scheme that contributed to this decrease is Ekti Bari Ekti Khamar (One House One Farm). It is a Bangladeshi government social welfare program that focuses on using and encouraging enterprises to make a difference in a highly agrarian society.

Ekti Bari Ekti Khamar

Ekti Bari Ekti Khamar focuses on encouraging farming and welfare practices in rural Bangladesh as a means of alleviating poverty. This focus on enterprise has changed the lives of 470,556 people since its inception in 2009.

Agriculture is naturally one of the largest producing sectors in Bangladesh, with approximately 13.31% of its GDP being dependent on it. Furthermore, 43% of the total Bangladeshi labor force are agricultural employees. This has rendered the sector appropriate to focus on for a poverty alleviation program. With this program, the government grants small sums in the form of loans to poor Bangladeshi people to encourage enterprise and improve their living standards.

The Story of Selina

A prime example of the success of Ekti Bari Ekti Khamar is Selina. The job of Selina’s husband was not well-paying, which rendered living a normal life “tough.” They could not maintain their family and expenses, which changed with Ekti Bari Ekti Khamar. Selina, alongside seven other women, decided to change their lives by purchasing a sewing machine and beginning to sell clothes, according to The Daily Messenger. After this, they opened a shop and took a loan from Palli Sanchay Bank as a means of funding the shop and investing in its growth.

Palli Sanchay Bank is the bank responsible for running Ekti Bari Ekti Khamar, and its role is to provide low-interest loans per this initiative. She was soon able to repay the initial loan and sought another one with the hopes of expanding and operating her business on a much larger scale, The Daily Messenger reports. Eventually, her business expanded immeasurably, and her clothes store was found to have changed the lives of Selina and her husband. This was, of course, in addition to the several other women involved with Selina’s store, as she also helped increase employment opportunities for the impoverished in her community by providing them with jobs.

These helpers earned “250 to 300 Taka each day” and Selina’s monthly income now stands at “Taka 50,000 to 60,000 each day.” In addition to the salary by her husband, Selina and the women in her store are now able to lead more comfortable lives.

Tackling Poverty in Bangladesh

Enterprise has been effective in tackling poverty in Bangladesh. Ekti Bari Ekti Khamar has improved the lives of many impoverished people in the country. Furthermore, it has proved that enterprise-focused initiatives can help with the development and prosperity of a nation. Taking small, positive steps in the right direction involves advocacy and amplifying the aims/results of great initiatives like these, to ensure greater visibility and eventually more parity on the global stage.

– Disheta Anand

Disheta is based in Dubai, United Arab Emirates and focuses on Politics for The Borgen Project.

Photo: Flickr

September 2, 2024
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https://borgenproject.org/wp-content/uploads/borgen-project-logo.svg 0 0 Naida Jahic https://borgenproject.org/wp-content/uploads/borgen-project-logo.svg Naida Jahic2024-09-02 01:30:212024-09-02 07:27:19Ekti Bari Ekti Khamar: How Enterprise is Transforming Bangladesh

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