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Agri-mechanization through Innovative Financing in Bangladesh

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LightCastle Analytics Wing
January 24, 2024
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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://lightcastlepartners.com/insights/2023/12/innovative-financing-in-ag-mechanization/

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

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Published BY: LightCastle Analytics Wing

At LightCastle, we take a systemic and data-driven approach to create opportunities for growth and impact. We are an international management consulting firm which creates systemic and data-driven opportunities for growth and impact in emerging markets. By collaborating with development partners and leveraging the power of the private sector, we strive to boost economies, inspire businesses, and change lives at scale.

For further clarifications, contact here: [email protected]

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