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Bangladesh has achieved an average annual GDP growth rate of around 6.6% since 2010 led mainly by the textile industry that contributes to 80% of exports. The country’s sustainable economic development requires diversifying the potential value-added export goods to develop the export industry. As agriculture in Bangladesh accounts for around 13% of its GDP, and employs almost half of the working force, the food processing industry has the potential to become an export industry by expanding the production of processed food. To grow the industry, improvement in the food value chain is required. The country faces challenges in the chain from production and processing to distribution, including insufficient processing facilities and storage as well as low productivity of raw materials. The objective of the Project is to improve credit access for agribusiness and food processing industries and to enhance their capacity in business development, food processing, and food safety by providing concessional financing and technical assistance, thereby contributing to the improvement of food value chain in Bangladesh.