Navigating Digital Financial Services: Insights from Bangladesh’s Agricultural Landscape
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In recent years the world has reached a new era using digital platforms in every sphere of life. Digital platforms like digital financial services (DFS) have a pivotal role in financial transactions for running any industry, agriculture and service sector smoothly.
In a country like Bangladesh, where agriculture is central, DFS presents remarkable chances for financial inclusion. It tackles hurdles like costs, distance and transparency, offering customised financial solutions. Through DFS tools like microcredit, savings, insurance and payments, smart farming practices can revolutionise Bangladesh’s agricultural landscape, boosting efficiency, output and sustainability.
This transformation empowers farmers to invest in their farms, access necessary resources and mitigate risks, ultimately resulting in heightened productivity, improved incomes and better livelihoods. Understanding farmer’s perception of using DFS is crucial in navigating this pivotal shift.
