SAARC Development Fund (SDF)was established by the heads of the eight SAARC Member States in April 2010 with the aim to promote the welfare of the people of SAARC region, improve their quality of life, and accelerate economic growth, social progress and poverty alleviation in the region. SDF has three funding windows i.e. Social, Economic and Infrastructure Window.
The Social Window focuses on funding projects on poverty alleviation, improving health and education, and so on. Economic Window funds non-infrastructural projects related to trade and industry development, agriculture and so on. Infrastructural Window funds projects in areas such as energy, power, transportation, etc.
Currently, SDF is implementing 90 projects in all SAARC Member States under its Social, Economic and Infrastructure funding windows with a total fund commitment/allocation of USD 198.24 million. 48 projects (in 7 areas) have been successfully completed to benefit thousands of people in SAARC Member States.
SDF at a glance: (to be structured as follows:
48 projects (7 areas) Successfully completed to beneﬁt thousands of people in SAARC Member States
Total SDF Authorized Capital USD 1.5 billion (figure below)
Total Fund Committed and Allocated USD 198.23 million and under Social Window, and Economic and Infrastructure Windows including USD 50 million allocated for MSME funding scheme
USD 61.23m disbursed USD 48.23 million - Social Window USD 13 million – E&I Window