Bank Alfalah, a leading commercial Bank of Pakistan is committed to providing innovative banking solutions, and Concave AGRI, a company that aims to empower farmers and enhance agricultural productivity through innovative and environmentally friendly solutions, have joined forces through a Memorandum of Understanding (MoU) to drive agricultural development, foster financial inclusion, and empower farmers with enhanced access to credit and banking services.
Through this collaboration, Bank Alfalah and Concave AGRI will work together to raise awareness about the benefits of high-quality agricultural inputs, such as seeds, fertilizers, and pesticides. By educating farmers, the partnership aims to improve crop yields and promote sustainable farming practices. Additionally, the two organizations will emphasize the adoption of cutting-edge technologies that enhance climate resilience in agriculture, enabling farmers to mitigate the impact of climate change on their crops.
One of the key objectives of this partnership is to empower farmers with knowledge and skills to access credit and utilize banking channels effectively.
The collaboration will also offer credit monitoring services and valuable business insights, bridging the gap between farmers and banking channels.
Bank Alfalah and Concave AGRI are confident that this partnership will transform the agricultural sector in Pakistan and improve the lives of farmers. Mr. Raza Ul Aleem, Head SME & Agri along with Mr. Muhammad Yahya Hameed Wahla, Head Agri represented Bank Alfalah for signing off the MoU.
President of Concave AGRI, Muhammad Ali Iqbal had the following remarks to applaud this initiative; “This partnership marks a significant milestone in advancing agricultural development and financial inclusion. It reinforces our commitment to empowering farmers with access to high-quality agricultural inputs and climate-resilient technologies. By joining forces with Bank Al-Falah, we are confident that we will create a transformative impact, enhancing the lives of farmers and fostering sustainable agricultural practices.”