Sustainable Microenterprise and Resilient Transformation (SMART)

The development objective of the Sustainable Microenterprise and Resilient Transformation Project for Bangladesh is to increase resource-efficient and resilient green growth of microenterprises (MEs). The project comprises of three components. The first component, enabling capacity and systems for green growth of MEs will use a more institutionalized approach through conducting technical resource-efficiency, environmental and climate adaptation technology, and environmental assessments. It consists of following sub-components: (i) enhancing MEs’ environmental-knowledge capacity; (ii) enhancing common facilities and enabling environmental systems for MEs clusters; and (iii) enabling MEs to develop a green value chain and expand markets for green products. The second component, providing access to finance for MEs to enable green growth aims to expand income-generating opportunities for MEs by supporting investments in climate resilient resource-efficient and cleaner production (RECP) practices, and thus enhance MEs’ productivity and competitiveness. It consists of following sub-components: (i) provision of line of credit for sustainable climate-resilient RECP practices and technologies; and (ii) provision of line of credit for revenue-generating common facilities. The third component, improving Palli Karma-Sahayak Foundation (PKSF) Project management, communications, monitoring and evaluations (M and E), and knowledge management will ensure timely and effective project implementation by building PKSF’s institutional and organizational capacity to expand the use of digital tools, data analysis, effective business practices, communications, M and E, and knowledge management. It consists of following sub-components: (i) PKSF’s Project management and enhanced capacity; (ii) communications, M and E; and (iii) knowledge management.