It has been decided by the US-based Winrock International Institute for Agricultural Development (Winrock) that it will help the National Bank of Pakistan (NBP) to find ways in which will help in increasing the credit availability to farmers, processors, and service providers. This would in turn enhance financial literacy in some areas and crops.
A Memorandum of Understanding (MOU) was signed by two organizations in this regard. The primary focus would be on 4 non-major crops that are dates, banana, tomato, and red chili.
Winrock International is known in the U.S. and globally to provide effective solutions to some of the most complex social, agricultural, and environmental challenges present in the world. Basically, it is a non-profit organization that a portfolio of over 140 agriculture, environmental, and social development projects in more than 46 countries.
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In Pakistan the organization it is represented by its Pak office via Pakistan Agriculture Development Project (PAD). It will take different tasks on value chain development in 4 crops in 12 districts. The districts are 6 each in Sindh and Punjab.
NBP and Winrock will join hands in bringing their experiences and expertise together to help farmers and related value chain partners to boost better standards for faming and processing. Credit plays an essential role in allowing users to adopt best practices to improve not just crop productivity, but also reduce losses, value addition and thus boost profits.