Sugarcane farmers to get on time payment thru’ bKash

Business Report :

Sugarcane farmers associated with the Bangladesh Sugar and Food Industries Corporation (BSFIC) are now receiving payments for sugarcane sales on time, directly into their bKash accounts. This digital payment mechanism ensures hassle-free and accurate transfers, thereby fostering increased farmer engagement in sugarcane cultivation. In the 2024-25 fiscal year, a significant surge in farmer participation has been observed, with an additional 15,000 farmers joining the programme, bringing the total number of beneficiaries to over 50,000. The integration of bKash payments has accelerated the overall sugarcane procurement process and increased the targets of sugar mills.
Previously, farmers were losing interest in sugarcane cultivation due to various issues, including irregular payments for sugarcane sales.