Agriculture Finance

Why

Though agriculture is the main pillar of Bangladesh’s economy it has not received the attention of the financial service providers as much as it deserves. The high level of risk involved with agricultural production is said to deter the financial institutions. As a result, the small and marginalized farmers, who happen to constitute the majority of the farmers, are particularly vulnerable to any unforeseen shock that might be caused by natural disasters or other problems. WAVE’s Agriculture Finance Program is meantto support these farmers with access to capital.

Where to Reach

The Agricultural Finance Program aims at sustainable development of the country’s agriculture sector. The program has two objectives:

Ensuring timely availability of finance and inputs to increase production of agricultural products with special emphasis on high-valued cash crops and livestock;

Enhancing the capacity of the farmers by imparting modern agro knowledge and technologies.

How

The Agricultural Finance Program works through three components namely Finance, Skill development training and Input supply and technology transfer.

COMPONENTS

FINANCE

The crucial importance of finance is addressed based on flexibility and need of the farmers in accordance with the crop calendar and harvesting period. Finance for mechanization of agriculture is highly prioritized. The repayment can be once-off, weekly or monthly depending on farmers’ choice.

SKILL DEVELOPMENT TRAINING

Skill development trainings on crop, livestock and fisheries are provided to enhance the capacity of the farmers. Accordingly field day is observed and demonstrations are set.

INPUT SUPPLY AND TECHNOLOGY TRANSFER

Quality input and technologies are prerequisite for development of agriculture sector. Proven agro-technologies are transferred to the farmer level in collaboration with Department of Agricultural Extension-DAE.