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Floods

ADB and Sindh Government Launch Business Recovery and Empowerment Initiative for Flood-Affected Families

Strategic Insights

— 1 min read

The Asian Development Bank (ADB) in collaboration with the Government of Sindh has launched a significant business recovery and empowerment initiative aimed at families affected by the 2022 floods. The program focuses on business support, skills training, and financial assistance for flood-affected households. A delegation from ADB, led by Gender Specialist Judha Bukhari, visited Hyderabad and held a strategic meeting with the Hyderabad Chamber of Small Traders and Small Industry (HCSTSI). The initiative aims to empower vulnerable communities by enabling them to become self-sufficient through sustainable livelihoods.

Key Takeaways:

  • The ADB-Sindh government initiative will provide financial assistance ranging from Rs. 100,000 to Rs. 300,000 or more to approximately 6,000 families to start small businesses tailored to their needs and capabilities.
  • The project focuses on business support, skills training, and financial assistance for flood-affected households, with the objective of enabling them to become self-sufficient through sustainable livelihoods.
  • The initiative will particularly benefit women and youth, helping them achieve financial independence by providing skills training and business support.
  • Small-scale business models such as sewing machine distribution for home-based women, tailoring services, and e-commerce training can help individuals market their products on digital platforms.
  • The program aims to promote the establishment of new industries where flood-affected individuals can find employment and contribute to national economic growth.
  • Technical training and marketing skills should be imparted to youth, enabling them to independently manage sustainable businesses.
  • The meeting was attended by former President Muhammad Akram Ansari, Members Muhammad Al-Nasir, Sikandar Ali Rajput, Kishor Kumar Bhatia, and members of the ADB delegation.

Statistics:

  • Approximately 2.1 million families were impacted by the 2022 floods [1].
  • The ADB-Sindh government initiative will support more than 6,000 families to start small businesses [1].
  • The project focuses on business support, skills training, and financial assistance for flood-affected households [1].
  • Financial assistance ranging from Rs. 100,000 to Rs. 300,000 or more will be provided to each family [1].

Sources:

[1] Asian Development Bank. (n.d.). ADB and Sindh Government Launch Business Recovery and Empowerment Initiative for Flood-Affected Families.

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