Yunus government to provide microloans to 4,985 youth

BD Digest Desk

On the occasion of National and International Youth Day, on August 12, the interim government led by Dr. Yunus will distribute microloans worth Tk 472.614 crore to 4,985 young men and women. Out of these, 2,534 young men and 2,451 young women will receive this loan facility. Each of them will receive less than Tk 1 lakh.

Director General of the Directorate of Youth Development Gazi Md. Saifuzzaman gave this information at a press conference held at the Secretariat today, Monday, August 10. Secretary of the Ministry of Youth and Sports Md. Mahbub-ul-Alam was present at the time.

The Director General said that the department is working to involve youth in job-oriented training, self-employment loans and voluntary activities with the aim of transforming technology-based youth power into human resources. Every year, about 200,000 young men and women are joining employment or self-employment with training and financial assistance.

He said that this year too, those who have achieved excellence will be awarded on National Youth Day. In the past one year, the department has trained 271,719 people aged 18 to 35 in various trades.

In addition, 1,076 youth have been trained in traffic management and social awareness to work as traffic police assistants to restore order on the roads. The youth festival is being celebrated through various programs in Dhaka, divisional cities, districts and upazilas.

The initiative of the Department of Youth Development’s self-employed, entrepreneurs and voluntary organizations has cleaned 64 canals and water bodies in 64 districts of the country. In addition, freelancing training, setting up environment-friendly biogas plants and computer training programs are also being carried out in remote areas through mobile vans.