Standard Chartered Bangladesh has partnered with Thengamara Mohila Sabuj Sangha (TMSS) to distribute onion seeds to 2,000 farmers in Bogra, Pabna, and Faridpur.
By providing beneficiaries with high-quality onion seeds, the bank is helping to elevate overall crop productivity, which will catalyze a surge in yields.
This will not only aid in meeting the rising demand for onions but will also contribute to increased agricultural output.
Standard Chartered Bangladesh will contribute around Tk1 crore to implement this project.
Individuals and farmers in the target locations are currently struggling to grow onions due to the high cost of seed inputs.
This intervention will significantly help to ease this burden.
The bank is also helping farmers to institute improved post-harvest management processes.
Improved yields, better crop quality, and a better understanding of post-harvest processes translates into increased economic resilience for farming communities.
This resilience is pivotal in navigating challenges such as market fluctuations, climate variations, and economic uncertainties – creating a more stable agricultural landscape.
Naser Ezaz Bijoy, CEO of Standard Chartered Bangladesh, said: “The introduction of quality onion seed inputs in areas such as Bogra, Pabna, and Faridpur will have transformative impact by driving agricultural practices towards a more productive, technologically advanced, and sustainable direction. We are proud to work with TMSS to make this program a reality and improve the livelihoods of 2,000 farmers.”
Professor Dr Hosne Ara Begum, founder, TMSS, said: “We are extremely glad to work with Standard Chartered to improve our farmers specially women to empower them both socially and economically through onion cultivation. We reckon, through implementation of this project, we will help improve social status of such marginal farmers along with mitigating the crisis of onion cultivation in near future.”