The government has allocated Tk 1 billion as start-up capital in the proposed national budget for 2019-20 fiscal placed to promote startups.
Finance Minister AHM Mustafa Kamal made the announcement while placing a Tk 5.23 trillion budget for the upcoming fiscal in parliament on Wednesday (Jun 13), reports BSS.
The initiative aims to exploit the full potential of the demographic dividend that is available for Bangladesh.
Acting under the slogan of “Power of Youth: Prosperity for Bangladesh”, the government in this new budget is taking necessary steps to transform youths, one-third of the total population in the country, into well-organized, disciplined and productive forces.
To create jobs for the unemployed youths and generate self-employment opportunity, skill development trainings in different subjects are being provided to youths through 111 formal training centres across the country, and 498 training centres at the upazila level.