Agri-mechanization through Innovative Financing in Bangladesh

Bangladesh’s agricultural sector relies heavily on manual labor, with less than 2% mechanization for harvesting and planting. However, as the sector faces labor shortages, agri-mechanization is needed which can be done through innovative financing. The video explains Bangladesh’s current agricultural scenario and the role of the CSISA-MEA project in improving the situation through increased mechanization and innovative financing. LightCastle Partners is a leading contributor to the CSISA-MEA project aiming to increase agricultural resilience, productivity, and profitability.

For this project, LightCastle Partners, in collaboration with WeGro, developed an innovative asset-backed financing instrument to provide investments to 10 Machine Service Providers (MSPs) and 4 MSMEs for agri-mechanization. As part of the CSISA-MEA project, this initiative also provided business development support to 35 MSMEs and MSPs.

Read more about the CSISA-MEA project’s report: https://www.lightcastlebd.com/insights/2023/12/innovative-financing-in-ag-mechanization/

Read more about ag-mechanization in Bangladesh: https://www.lightcastlebd.com/news/unlocking-new-horizons-agri-mechanization/

Published BY: LightCastle Analytics Wing

At LightCastle, we take a data-driven approach to create opportunities for growth and impact. We consult and collaborate with development partners, the public sector, and private organizations to promote inclusive economic growth that positively changes the lives of people at scale. Being a data-driven and transparent organization, we believe in democratizing knowledge and information among the stakeholders of the economy to drive inclusive growth.

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