Bangladesh, March 21 -- The Asian Development Bank (ADB) will provide US$ 14.2 million as loan to support the expansion plans of Sylvan Agriculture Limited (SAL), a PRAN-RFL Group (PRAN) company.
The loan aims to enhance inclusiveness in the agribusiness sector by lifting the incomes and skills of farmers, particularly women, an ADB press release said.
PRAN-RFL Group Director (Finance) Uzma Chowdhury and Deputy Director General of ADB's Private Sector Operations Department Christopher Thieme signed the loan agreement on behalf of their respective sides at a city hotel on Tuesday.
The ADB's assistance will finance new food processing facilities to produce potato chips, potato flakes, and pasta.
Under a gender action plan, women will comp...