Bank of Punjab to Support Agri-Tech Start-ups

Three innovative start-up ideas emerged as the top contenders at the ZarZaraat start-up competition during Agri-Connections 2024. RemoteWell, a cutting-edge IoT device, offers wireless switching, scheduling, and control of farm watering systems. Godaam Technologies is revolutionizing warehousing by digitalizing site availability and booking, providing end-to-end visibility of goods. Digitt+, an Agri-fintech company, aims to enhance financial inclusion and sustainable agriculture through innovative technology.

Mr. Zafar Masud revealed that the Bank of Punjab is considering supporting these start-ups with concessional financing under the Punjab Rozgar and the PM’s Youth Business & Agricultural Loans schemes. This move signifies a significant step towards fostering entrepreneurship and innovation in the agricultural sector.

RemoteWell's wireless capabilities promise to streamline farm irrigation processes, while Godaam Technologies' digital solutions offer a more efficient way to manage warehouse operations. Digitt+ aims to empower smallholder farmers with financial support and foster collaborative partnerships to drive sustainable agriculture forward.

The recognition of these start-ups at the ZarZaraat competition highlights the growing importance of technology in revolutionizing traditional agricultural practices. With the potential financial backing from the Bank of Punjab, these innovative ideas are poised to make a lasting impact on the agricultural landscape in Pakistan.