Bizdata Insights Main Logo

BizData Insights

Paddy e-procurement system suffers from high cost

Industry: Agriculture & Livestock, Agro

A recent study conducted by the Bangladesh Institute of Development Studies (BIDS) unveiled that the paddy e-procurement system in the country suffers from higher transaction costs compared to the traditional method, primarily due to irregularities and mismanagement. However, the system has proven to positively impact farmers’ income from selling paddy. The study recommended addressing the existing irregularities to enhance the popularity and effectiveness of the public paddy e-procurement program.

Speakers at the event emphasized the need to overcome service-related issues, high administrative costs, leakage, and inefficient implementation. The mobile phone-based e-procurement system, introduced by the government, aims to ensure fair prices for farmers by directly purchasing paddy from them through a computer-based lottery system. To increase farmer participation, the study suggested reducing transaction costs and conducting awareness programs. Additionally, the study highlighted the misuse of “krishi cards” by non-farmers and proposed incorporating registered mobile phone numbers of genuine farmers to prevent irregularities.

Source for more details:

Related News

14,400 Farmers in Jashore to Receive Subsidies to Cultivate Ayush

April 6, 2024

In eight upazilas in the district, 14,400 small and marginal farmers would receive free seeds and fertilizer as part of an agricultural incentive and rehabilitation program in order to stimulate farmer interest in Ufshi Aush farming during the current Kharif-1 season.

Govt Allows Import of Over 5 Million Pieces of Vannamei Shrimp Seed

April 2, 2024

The government has authorized the import of over 5.11 million pieces of non-native vannamei shrimp seed from India, signaling the initiation of commercial cultivation in Bangladesh. Green Bio Tech (BD) Corporation will facilitate the import, strictly for seed production purposes.

Govt Set to Introduce Solar Irrigation

March 31, 2024

The government of Bangladesh is set to introduce solar irrigation as part of its efforts to reduce the number of diesel irrigation pumps in the agriculture sector. According to the State Minister for Power and Energy and Mineral Resources, there are approximately 12 lakh diesel irrigation pumps in the agriculture sector across the country that will be transformed into solar irrigation systems. This move aims to address the effects of climate change, with the government targeting the production of 4,000 megawatts (MW) of electricity from renewable energy sources by 2030.

39,000 Acres Land of Sylhet’s Left Uncultivated

March 31, 2024

The report for 2023 from the Bangladesh Bureau of Statistics (BBS) presents a dismal image. Arable land waste in the country is highest in Sylhet. Substantial areas remain undeveloped in every district within the division. Around 39,000 acres of Sylhet's 8.53 lakh-acre total land area are left uncultivated.

JICA to Invest Tk165 Crore in Fisheries Industry

March 31, 2024

Japan International Cooperation Agency (JICA) recently finalized a grant agreement worth approximately ¥2,294 million (equivalent to Tk 165 crore) to enhance the Fish Landing Centre operated by the Bangladesh Fisheries Development Corporation (BFDC) in Cox’s Bazar District. The signing ceremony took place at the Economic Relations Division (ERD), as per an official statement. The project

BSEC Imposes Fine on Two Investors for Manipulating Index Agro Share Price

March 30, 2024

The Bangladesh Securities and Exchange Commission (BSEC) has recently imposed fines on two investors for manipulating the share price of Index Agro Industries Limited, for the second time within a year and a half. AG Mahmud and Md Saif Ullah were found to have engaged in manipulative activities regarding Index Agro's shares, resulting in fines totaling Tk55 lakh - with AG Mahmud fined

Related News

14,400 Farmers in Jashore to Receive Subsidies to Cultivate Ayush

April 6, 2024

In eight upazilas in the district, 14,400 small and marginal farmers would receive free seeds and fertilizer as part of an agricultural incentive and rehabilitation program in order to stimulate farmer interest in Ufshi Aush farming during the current Kharif-1 season.

Govt Allows Import of Over 5 Million Pieces of Vannamei Shrimp Seed

April 2, 2024

The government has authorized the import of over 5.11 million pieces of non-native vannamei shrimp seed from India, signaling the initiation of commercial cultivation in Bangladesh. Green Bio Tech (BD) Corporation will facilitate the import, strictly for seed production purposes.

Govt Set to Introduce Solar Irrigation

March 31, 2024

The government of Bangladesh is set to introduce solar irrigation as part of its efforts to reduce the number of diesel irrigation pumps in the agriculture sector. According to the State Minister for Power and Energy and Mineral Resources, there are approximately 12 lakh diesel irrigation pumps in the agriculture sector across the country that will be transformed into solar irrigation systems. This move aims to address the effects of climate change, with the government targeting the production of 4,000 megawatts (MW) of electricity from renewable energy sources by 2030.

39,000 Acres Land of Sylhet’s Left Uncultivated

March 31, 2024

The report for 2023 from the Bangladesh Bureau of Statistics (BBS) presents a dismal image. Arable land waste in the country is highest in Sylhet. Substantial areas remain undeveloped in every district within the division. Around 39,000 acres of Sylhet's 8.53 lakh-acre total land area are left uncultivated.

JICA to Invest Tk165 Crore in Fisheries Industry

March 31, 2024

Japan International Cooperation Agency (JICA) recently finalized a grant agreement worth approximately ¥2,294 million (equivalent to Tk 165 crore) to enhance the Fish Landing Centre operated by the Bangladesh Fisheries Development Corporation (BFDC) in Cox’s Bazar District. The signing ceremony took place at the Economic Relations Division (ERD), as per an official statement. The project

BSEC Imposes Fine on Two Investors for Manipulating Index Agro Share Price

March 30, 2024

The Bangladesh Securities and Exchange Commission (BSEC) has recently imposed fines on two investors for manipulating the share price of Index Agro Industries Limited, for the second time within a year and a half. AG Mahmud and Md Saif Ullah were found to have engaged in manipulative activities regarding Index Agro's shares, resulting in fines totaling Tk55 lakh - with AG Mahmud fined

BUSINESSMONITOR

Connect with


Dont Have Account? Please register Here