City Bank PLC, Milk Vita and Agroshift have signed a tripartite Memorandum of Understanding (MoU) to launch a Digital Dairy Financing Initiative aimed at expanding access to formal finance for dairy and cattle farmers across Bangladesh through a technology-enabled ecosystem.
Under the initiative, Milk Vita, Bangladesh’s largest dairy cooperative network, will provide access to more than 3,300 primary cooperative societies, 61 chilling centres and over 300,000 dairy farmers across 57 districts. Agroshift will act as the technology and ecosystem partner, supporting farmer identification, digital onboarding, eKYC, operational monitoring and utilisation tracking through a digitised platform, while City Bank will offer tailored financing solutions to improve productive investment and financial inclusion.
The partnership seeks to address one of the dairy sector’s key challenges—limited access to formal finance despite its major contribution to rural livelihoods and the national economy. According to industry estimates, Bangladesh has approximately 1.2 million dairy farms supporting nearly 9.4 million people directly and indirectly. The livestock and dairy subsector contributes around 2.73% to national GDP and 17.15% of agricultural GDP.
Bangladesh produced about 10.79 million tonnes of milk in 2024, ranking fifth in Asia and 19th globally, while the domestic milk market is projected to grow at a CAGR of more than 9% through 2029, reaching an estimated value of US$8.43 billion. The collaboration aims to create a robust digital data infrastructure and financing framework to support sustainable growth across the dairy value chain. (The Daily Star)
Source: Dairynews7x7 25 June, 2026 Read full story here
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