Ecnec approves 3rd revision of EBEK

The Executive Committee of the National Economic Council (Ecnec) on Tuesday approved the third revision of the Ektee Bari Ektee Khamar (EBEK) project.

The project, aimed to reduce the country`s poverty rate by 10 per cent by the year 2020, has been approved after raising its cost by Tk 68.13 billion.

The approval came from the 10th Ecnec meeting of the current fiscal year held at the Prime Minister`s Office with Prime Minister Sheikh Hasina in the chair, reports agencies.

Briefing reporters after the meeting at the NEC-2 in Dhaka, Planning Minister AHM Mustafa Kamal said a total of 10 projects were approved on the meeting with an estimated cost of Tk 94.44 billion and the entire fund will come from the national exchequer.

The Rural Development and Cooperatives Division under the Ministry of LGRD will implement the 3rd Revision of the ‘One House One Farm’ project by June 2020 with an estimated cost of Tk 80.1 billion.

The project will be implemented at 40950 wards under 4550 unions in 490 upazilas of 64 districts of the country.