PKSF

EFRRAP (Emergency 2007 Flood Restoration and Recovery Assistance Programme) 

The Emergency 2007 Flood Restoration and Recovery Assistance Programme (EFRRAP), launched by the GoB in co-operation with the World Bank in July 2008, was an immediate initiative of PKSF in response to the devastating flood of 2007 that directly affected over 13 million people in 47 districts. With an aim to minimize the negative impacts of flood by improving and rebuilding the livelihood activities of the poor, EFRRAP made an effort to provide quick and flexible financial assistances. The World Bank allocated a fund of US$ 15 million to PKSF through the Ministry of Finance and Social Development Foundation (SDF) in the form of grant to be utilized within 31 December 2010. PKSF was assigned to channel this fund with revolving facilities under its existing Disaster Management Loan Policy for the implementation of livelihood restoration activities.

Working Areas

The programme was implemented only in response to disasters and restricted to disaster-affected areas such as, flood prone areas; perennially distressed areas; river-erosion affected areas; char-land and marginal areas. The target groups of EFRRAP are flood/disaster/Monga and man-made disaster-affected people having a plot of land or annual income lower than the threshold level under the PKSF policy statement of Disaster Management Fund (DMF).

Activities

During FY 2010-2011, BDT 173.00 million has been disbursed to the POs and POs distributed BDT 410.57 million in the form of loan to affected persons for flood restoration and recovery purposes. Since inception, 111 POs have organized a total of 2,70,317 members, mostly affected by the 2007 flood who received soft loans and other assistances for their livelihood restoration, post-disaster rehabilitation and disaster preparedness as well.