Dhaka: The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved the 3rd revision of the ‘One House One Farm’ project raising its cost by Tk 6,813.27 crore, aiming to reduce the country's poverty rate to 10 percent by the year 2020.

The approval came from the 10th ECNEC meeting of the current fiscal year held at the Prime Minister's Office with Prime Minister Sheikh Hasina in the chair, reports UNB.

Briefing reporters after the meeting at the NEC-2 in the city, Planning Minister AHM Mustafa Kamal said a total of 10 projects were approved today with an estimated cost of Tk 9,443.64 crore and thee entire fund will come from the national exchequer.

The Rural Development and Cooperatives Division under the Ministry of LGRD will implement the 3rd Revision of the ‘One House One Farm’ project by June 2020 with an estimated cost of Tk 8010.27 crore.

The project will be implemented at 40950 wards under 4550 unions in 490 upazilas of 64 districts of the country.