The Role Of Microfinance In Promoting Sustainable Agriculture
Affiliations
1
Business Administration, Westcliff University, N/A
2
Materials Science and Engineering, Khulna University of Engineering and Technology, N/A
Abstract
Sustainable Agriculture faces growing global challenges, including food security and
environmental sustainability, necessitating technological innovation to optimize production and
formal economic structure to strengthen and empower the workforce and small farmers to meet
the challenges of the ever-growing world agriculture. This study investigates the potential of
Microfinance to promote small scale farmers to meet their economic challenges to fulfil their
smart agriculture endeavours like buying technologies, financial literacy to overcome barriers
like cost, awareness, digital literacy, and optimum agricultural yield. Using the Local
Microfinance Institutions (MFI) small loans for buying equipment, pesticides, crops seed and
learning modern methods of agriculture with collaboration of MFIs. This integration not only
promotes sustainable agricultural practices but also demonstrates measurable benefits, fostering
trust and adoption among smallholder farmers. The study underscores the transformative role of
MFIs in advancing global agriculture, advocating for inclusive financial strategies to overcome
socio-economic disparities and ensure food security. Future research should explore the role and
potential of MFIs to grow and lift up the small farm holders, to stand up to fulfil their agricultural
and economic needs, to eradicate food and economic insecurity in the world.
Keywords:
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