Scientific and technological advances are already opening up new possibilities for farmers around the world, Pakistan will soon be becoming Agricultural Smart as now,Telenor‘s Tameer Bank and Punjab Govt unite to expedite Digital Farming by giving out smart(interest free) loans to farmers in Punjab .The collaboration by the entities is made to further boost Pakistan’s standing as a major Agricultural country.
Telenor’s Tameer Bank and Punjab Govt unite to expedite Digital Farming
The networked digital farm of the future is already making agriculture more efficient and sustainable today.I believe that production capabilities can be increased incredibly by simply providing timely information to the farmers. With a prefect blend of good soil and state-of-the art technology, Pakistan can show wonders on increasing the production capabilities. Many of the poor farmers can benefit from the Tameer Bank’s interest free loan plan . We hope to see an Agricultural Smart home land soon.
Digital solutions making inroads in Pakistan’s Agriculture
The project expects to increase overall yield and productivity of the crops grown in Punjab region.Bank has announced;
- Loans worth in aggregate over PKR 2 billion for over 35,000 farmers
- total scheme announced by the government of Punjab is over PKR 77 billion for 450,000 farmers
The Punjab government’s interest-free loan scheme is being led by Ministry of Agriculture and Finance in support from State Bank of Pakistan, Punjab Institute of Technology Board, Ministry of Finance.
Smartphones by Telenor
Telenor together with the government of Punjab will distribute smartphones under the scheme to help farmers benefit from the host of digital services. This will enable farmers to have an access to;
- E-credit scheme (Digital Wallet),
- weather Alerts,
- Crop Calendar,
- Agri TV,
- E-Zarri Baithak, Agri TV and more.
To further strengthen the agriculture foundations of Pakistan, President & CEO Tameer Bank Ali Riaz Chaudhry said:
“It gives us immense pleasure to be part of this historic scheme to revitalize Punjab’s agriculture potential. We are bringing in Telenor Pakistan, Tameer Bank and Easypaisa’s technological infrastructure to support and expedite the government of Punjab’s interest-free loans scheme for small farmers. We are positive that through calculated and focused implementation, monitoring and support, we will be able to help the farmers increase their yield many folds and contribute additionally to the socio-economic progress of the country. We thank Chief Minister Punjab, Mian Shehbaz Sharif for trusting in Tameer Microfinance Bank as the partner.”