Khushhali Microfinance Bank partners with GROWTECH Services to meet contribute in overcoming agriculture challenges, and to meet the needs of farmers.
Through the agreement, GROWTECH services will provide a technological solution to Khushhali Bank, and work together to facilitate farmers. Farmers who are engaged with the bank will gain convenient access to technologies provided by the agritech company.
President Khushhali Microfinance Bank, Ghalib Nishtar, and Senior Executive GROWTECH Services, Shahnawaz Mahmood, signed the agreement in the formal ceremony in Islamabad.
To achieve more sustainability and growth, the agritech company has been providing its services to corporate farmers and individual growers across the country. The tech comapny will train and equip the Khushhali Microfinance Bank teams, through a dashboard for remote monitoring, while also offering financial access and lending services to farmers, through the lending services of KMBL and other banks.
The GROWTECH Services is working on a data-driven, scientific basis, led by its own team of experts and agronomists to remotely guide the farmer communities through their analytical advice and recommendations. the company has also developed an innovative digital Application, named: ‘GrowPak’ for performing multiple functions, such as agri-commerce by empowering the farmers to buy inputs and sell outputs.
The digital platform also provides valuable services based on remote-sensing, to help resolve critical issues like agricultural land fertility, determination of areas infested by pests, crop health, and nutritional needs. It also recommends a more balanced use of fertilizers, pesticides, and supplements to enrich the soil and reduce the input cost.
Speaking on the occasion, Ghalib Nishtar stated Khushhali Microfinance Bank has a longstanding commitment to elevating the quality of life for the deprived masses, especially the agricultural sector which can be a major contributor towards food security, internationally. He said the synergy between the two entities will deploy the latest technologies, for more efficient cultivation.
Senior Executive GROWTECH said the company focuses on enhancing productivity and decreasing input costs for farmers to improve per acre yield across the country. He stated that this digital inclusion initiative ensures close interactions for comprehensive tech-advisory.
Khushhali Microfinance Bank Limited is the pioneer in the industry of microfinance banks.
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