Building Skills for Unemployed and Underemployed Labour (B-SkillFUL) aims to improve the well-being of poor and disadvantaged men and women by increasing their access to the labour market and income while safeguarding their fundamental labour rights. Truvalu contributed to Phase II of this program.
Approximately 6 million MSMEs contribute about 25% to Bangladesh’s total GDP, employing around 31 million people. Almost two million workers join the Bangladeshi workforce each year and settle mainly in the informal sector, given their lack of relevant skills. However, workers and employers in the informal sector, where around 80% of jobs are created, lack knowledge of legal and regulatory frameworks and are largely unaware of what decent work practices entail. As a result, workers in informal sector enterprises are subject to dangerous working conditions and exploitation.
Truvalu, in collaboration with Swisscontact Bangladesh and funded by the Embassy of Switzerland, has launched the B-Skillful initiative. B-SkillFUL Phase II is a program aimed at supporting the growth and competitiveness of small and medium enterprises (SMEs) in Bangladesh. The program operates in six districts and focuses on three growth sectors: furniture making, light engineering, and leather goods.
B-SkillFUL Phase II is designed to help SMEs improve their technical and management capabilities, modernize production methods, diversify products and services, expand into new markets, and ensure safe and decent working conditions for workers. The program also promotes gender equity, social inclusion, and more environmentally sustainable practices among participating SMEs.
Its goal is to provide:
Truvalu provides training programs for workers and management personnel, implements modern accounting systems, and offers assistance in obtaining loans with subsidized interest. To revamp the businesses’ , the primary goals were:
The B-Skillful project has been hailed as a true blessing for entrepreneurs, giving millions of people hope on the Road to Smart Bangladesh.