Green Delta Insurance Ltd. has signed a memorandum of understanding (MoU) with CARE Bangladesh’s Krishi Utsho Microfranchise on April 30, 2019 for initiating non-traditional financing (NTF) scheme for rural smallholder farmers of Bogra and Jessore. The MoU signing event was attended by members from CARE and Green Delta Insurance Ltd. Farzanah Chowdhury, Chartered Insurer, Managing Director & CEO of Green Delta Insurance Ltd. and Prabodh Devkota, Assistant Country Director, CARE Bangladesh, signed the MoU on behalf of their respective organizations.
This initiative is expected to ensure secure farming for rural smallholder farmers through insurance coverage at their doorsteps. This is a pilot that is being initiated by Green Delta Insurance Ltd. and CARE Bangladesh with funding from MEDA (Mennonite Economic Development Associates), Canada.
Krishi Utsho is an emerging social enterprise that is working to ensure secure farming for smallholder rural farmers. Krishi Utsho works with Bank Asia Ltd. and Green Delta Insurance Company to support rural smallholder farmers with loan and insurance services for farming.