The Hygiene Sanitation and Water Supply (HYSAWA) Fund has been established and registered in June 2007 as an autonomous financial institution under the Companies Act, 1994 which receives initial funding supports from Government of Bangladesh (GoB) and Danida. The HYSAWA Fund has been financing eligible and applying local government institutions (Union Parishads and Pourashavas) directly to implement Water Supply and Sanitation (WSS) schemes.   It is guided by a Governing Board chaired by the Secretary, LGD and set-up to facilitate transparent and accountable administration of the Fund. 

 The HYSAWA Fund is envisaged to be a long-term funding mechanism that can attract funding from various donor agencies and the GoB, and as such can possibly be a basis for a common programmatic approach in the rural hygiene, sanitation and water sector