Strengthening Resilience of Livestock Farmers Through Risk Reducing Services
PKSF has a praiseworthy track record of financing credit facilities along with extension services to livestock farmers. Through its Partner Organizations, PKSF is scaling up the extension services nationwide with financial support from the Swiss Agency for Development and Cooperation (SDC), under the project titled ‘Strengthening Resilience of Livestock Farmers through Risk Reducing Services (LRMP)’. At present, the project is being implemented in 39 districts through 325 branches of 15 POs.
Besides credit support, farmers are being provided training on Good Animal Husbandry Practices (GAHP) as well as feed and health management. The project also organizes vaccination camps in order to reduce the mortality rate of livestock. Waiver of loan and service charge due to the death of farmers or the main earner of the family or livestock are the two most important financial services under the project.
A total of BDT 1,301.31 crore of loans have been disbursed among 3,25,349 members from June 2020 to June 2022 in livestock sector. Loan and service charge amounting to BDT 83.58 lac due to the death of 215 livestock and BDT 62.49 lac due to the death of 149 farmers have been waived. In addition, 81,222 farmers were trained on Good Animal Husbandry Practices (GAHP) and 2,28,484 livestock were vaccinated against various infectious diseases.