PKSF raises FY27 financing target by 45pc to boost employment

The Palli Karma-Sahayak Foundation (PKSF) has increased its financing target by 45 per cent for fiscal year 2026-27 (FY27), aiming to accelerate employment generation across the country.

Prioritising skills development, job creation and sustainable economic growth for low-income people, PKSF has approved a financing target of Tk 160 billion for FY27, representing a 45.34 per cent increase over the outgoing fiscal year.

The budget and annual work plan were approved at a meeting of PKSF's General Body held at PKSF Bhaban in Agargaon, Dhaka, on Tuesday, the organisation said in a statement.

The meeting also provided directions for the effective utilisation of the Bangladesh Bank incentive fund allocated for the development of the cottage, micro, small and medium enterprise (CMSME) sector, which is expected to facilitate the disbursement of an additional Tk 50 billion.

Participants stressed the importance of microenterprise development, skills enhancement and productive employment generation.

Alongside conventional financing, PKSF will strengthen sustainable employment and entrepreneurship through blended financing approaches that combine skills development, innovation, debt financing and equity financing.

Special emphasis will also be placed on the creative economy and climate adaptation initiatives.

Particular attention will be given to expanding skills training, entrepreneurship development and market linkage programmes for youth, women and marginalised communities.

Research activities supporting poverty reduction, skills development and employment generation will also be strengthened. According to PKSF, these initiatives are expected to contribute significantly to increasing productive employment and creating a more enabling environment for entrepreneurship in Bangladesh.

Earlier in the day, a meeting of the PKSF Governing Body was also held. Both meetings were chaired by Zakir Ahmed Khan, Chairman of PKSF.

PKSF Managing Director Md Fazlul Kader, board members, members of the Governing Body and members of the General Body were present at the meetings.

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