Karandaaz Pakistan has launched the second round of the Digital Financing for Agriculture Challenge (DFAC), calling on fintechs, agritechs, banks, non-banking financial companies (NBFCs), microfinance institutions (MFIs), and infrastructure providers to propose innovative financial solutions for smallholder farmers. The initiative aims to bridge the financial gap in Pakistan’s agriculture sector by improving access to credit and strengthening financial resilience through digital and alternative lending models.
With smallholder farmers facing persistent challenges in securing financing, DFAC Round 2 seeks solutions that leverage technology to enhance financial accessibility. Karandaaz is particularly interested in two key areas: digital enablement and financing products. Digital enablement focuses on integrating technology to streamline access to agricultural financing, while financing products explore alternative credit models that can ease borrowing constraints for farmers. By encouraging financial innovation, Karandaaz aims to develop sustainable mechanisms that will empower farmers and drive growth in the agriculture sector.
To support participants in crafting strong proposals, Karandaaz is organizing an Online Proposal Development Workshop on March 26, Wednesday, at 2:00 PM. The workshop is designed to help applicants refine their submissions and improve their chances of securing funding. Interested individuals and organizations can register for the session and find more details about the challenge on Karandaaz’s official website.
Given the significance of agriculture in Pakistan’s economy, initiatives like DFAC play a critical role in fostering financial inclusion and digital transformation. By enabling smallholder farmers to access better financial tools, the program contributes to long-term sectoral development and economic resilience.
