Pran Dairy gets $10mn in ADB loans in pandemic

The Asian Development Bank and Pran Dairy Ltd, a member of one of the biggest food and agribusiness groups in Bangladesh, have signed a $10 million loan agreement to support dairy value chain during the coronavirus disease pandemic

Sep 14, 2020
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The Asian Development Bank and Pran Dairy Ltd, a member of one of the biggest food and agribusiness groups in Bangladesh, have signed a $10 million loan agreement to support dairy value chain during the coronavirus disease pandemic.

The loan will allow Pran Dairy to continue to procure raw milk from the 12,000 smallholder dairy farmers within its value chain, and further expand to another 1,200 farmers who would otherwise lose income, the ADB said in a statement on its website on Monday.

“COVID-19 has caused significant disruptions in the agricultural value chain,” said Tushna Dora, investment specialist at the Agribusiness Investment Unit of ADB’s Private Sector Operations Department.

https://bdnews24.com/bangladesh/2020/09/14/pran-dairy-gets-10mn-in-adb-loans-in-pandemic

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