New scheme to increase farmers profit planned by nirsal

NIRSAL (National Inland Waterways Authority) is a Nigerian government agency responsible for promoting and developing the country's inland waterways. While NIRSAL is not typically associated with schemes to increase farmers' profits, I assume you may be referring to NIRSAL Microfinance Bank, a subsidiary of NIRSAL that provides financial services to farmers and other small-scale businesses.

Here are some schemes planned by NIRSAL Microfinance Bank to increase farmers' profits:

  1. Agricultural Value Chain Financing: This scheme provides financing to farmers, processors, and traders along the agricultural value chain. The goal is to increase farmers' access to credit, reduce post-harvest losses, and improve the overall efficiency of the agricultural value chain.
  2. Farmers' Empowerment Scheme: This scheme aims to empower farmers by providing them with training, capacity building, and access to financial services. The scheme also focuses on promoting sustainable agricultural practices, improving crop yields, and increasing farmers' income.
  3. Agricultural Insurance Scheme: This scheme provides insurance coverage to farmers against crop losses, livestock diseases, and other agricultural-related risks. The scheme aims to reduce farmers' financial losses and increase their confidence in farming as a business.
  4. Farm-to-Table Scheme: This scheme connects farmers directly to consumers, reducing the need for intermediaries and increasing farmers' profits. The scheme also promotes the consumption of fresh, locally produced agricultural products.
  5. Agricultural Credit Scheme: This scheme provides credit to farmers at competitive interest rates, with flexible repayment terms. The scheme aims to increase farmers' access to credit, reduce their dependence on informal lenders, and promote sustainable agricultural practices.
  6. Farmers' Cooperatives Scheme: This scheme promotes the formation of farmers' cooperatives, which enable farmers to pool their resources, share knowledge, and negotiate better prices for their produce. The scheme aims to increase farmers' bargaining power, reduce their costs, and improve their overall profitability.
  7. Agricultural Technology Scheme: This scheme promotes the adoption of agricultural technologies, such as precision farming, irrigation systems, and post-harvest management tools. The scheme aims to increase farmers' productivity, reduce their costs, and improve their overall profitability.

These schemes are designed to increase farmers' profits by providing them with access to credit, training, insurance, and other forms of support. By promoting sustainable agricultural practices, reducing post-harvest losses, and increasing farmers' bargaining power, these schemes aim to improve the overall efficiency and profitability of the agricultural sector in Nigeria.