A 50 million euro project was launched Wednesday to focus on strengthening Small and Medium Enterprises (SMEs) and small agribusinesses in Sindh and Balochistan.
Launched virtually, the Growth for Rural Advancement & Sustainable Progress (GRASP) programme would be funded by the European Union, said Ambassador of European Union to Pakistan Androulla Kaminara in a message on Twitter.
GRASP is designed to reduce poverty in Pakistan by strengthening SMEs and small-scale agribusinesses in Balochistan and Sindh.
The project would help SMEs in the sectors of horticulture and livestock to become more competitive, inclusive and climate resilient by making improvements at all levels of the value chain.
According to the details of the project, the GRASP action in general ranges from market to farmer.
It focuses on the demands of markets, buyers and consumers and later it equips the SMEs traders with skills, technology and services needed to meet that demand.
By ensuring that SMEs are well equipped to increase their overall productivity, a sustainable and inclusive contribution to driving Pakistan’s economic growth will be made.
The programme focuses on development of targeted SMEs clusters through fostering value addition along the whole supply chain.
The GRASP programme will contribute to the creation of a productive business environment and facilitate the establishment and development of profitable SMEs around selected value chains.
It will lead to an improvement in business environment, selected agriculture value chains, productivity, climate resilience and agribusiness services and create job opportunities. Gender mainstreaming is a cross-cutting priority of the GRASP project.
Published in The Express Tribune, October 22nd, 2020.
1723278472-0/BeFunky-collage-(4)1723278472-0-165x106.webp "article")
COMMENTS
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ