Each woman received a loan of Tk120,000 from the societies to rear cows
300 women of poor families in Nilphamari were able to improve their lives as they were allowed government loan to rear foreign, and mix breed dairy cows under the "Development of the Standard of Living" project by the Department of Cooperatives.
Initially, four union based cooperative societies prepared the list of 400 women in Sadar and Dimla upazila, and 300 of the listed women were loaned Tk120,000 each for cattle rearing, said District Cooperative Officer Abdus Sabur.
"The remaining hundred will be brought under the project gradually within June 2020 next year. A year after the loan is issued to them, beneficiaries have to pay Tk200 daily," he added.
According to sources in the District Cooperative Office, the beneficiaries will have to pay a total of Tk122,400 within two years including a two percent daily service charge.
The development initiative began this year for women of 50 upazilas in 25 districts, and will be expanded further depending on its success.
Lakshmichap Union Parishad Chairman, Aminur Rahman said: "Women who are in the most impoverished situation were allowed the loan. We are looking to pull them out of poverty. 50 women in my union are already benefiting from their cows, and another 50 are awaiting the opportunity as well."
Joynob Akter, a member of the Doel Women Development Cooperative Society, said: "My father is a farmer, and struggles to maintain our family of six. We already had a dairy cow, and bought another with the loaned money. I have also received training from Upazila livestock Services."
District Livestock Services officer, Dr Md Monakka Ali said the beneficiaries are being trained to keep their cows in good health.
Another beneficiary of Dimla upazila, Nazma Begum, said: "Five members of our family are dependent on my husband. He runs a small tea stall. We are getting 22 kgs of milk per day from the cattle newly bought with loaned money. I keep some of the milk for my children, and the rest is sold.
"We were able to save Tk900 daily. The government initiative was really a blessing for us."