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LightCastle Partners is supporting iDE (International Development Enterprises) on the CSISA-MEA (Cereal Systems Initiative for South Asia- Mechanization and Extension Activity) project, with strategic input from CIMMYT (International Maize and Wheat Improvement Center). This project aims to revolutionize the agricultural sector in Bangladesh by enhancing productivity and sustainability through innovative mechanization and extension strategies.
LightCastle would be working with traditional banks, NBFI, and WeGro to provide access to finance for the mechanization of farmers in the Feed the Future (FTF) Zone covering South Western and North Western regions of Bangladesh.
The program will also work with other leading private commercial banks and non-banking financial institutions such as Bank Asia, Mutual Trust Bank, and IDLC Finance to facilitate access to capital for agri-mechanization.
WeGro Technologies Ltd is a tech-based agri startup working towards revolutionizing the archaic agriculture industry by integrating the latest technology in all aspects of the agri supply chain. The enterprise is bringing major reforms in the agriculture industry of Bangladesh while ensuring that all the stakeholders – farmers, agriculture facilitators, partner merchants, and definitely, consumers – are benefited.
In the first iteration of the project last year, WeGro, along with LightCastle Partners, provided agri-mechanization funding of over BDT 4.5 Million. An infographic breaking down the details and the impact of that intervention can be found here.
The iDE CSISA-MEA Project, in collaboration with LightCastle Partners and guided by CIMMYT’s expertise, aims to transform Bangladesh’s agricultural sector by promoting mechanization and strengthening extension services.
Through a comprehensive analysis of the sector’s challenges and opportunities, the project will provide actionable recommendations to enhance agricultural productivity and sustainability.
By addressing infrastructure needs, bridging knowledge gaps, and advocating for policy reforms, the project seeks to pave the way for a more efficient, sustainable, and resilient agricultural future in Bangladesh.
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