Dar es Salaam, April 30 -- DAR ES SALAAM: AGRICULTURAL finance plays a pivotal role in facilitating the modernisation and commercialisation of farming practices and bolstering global food security.

The agriculture mechanisation, increased awareness and the availability of improved inputs such as certified seeds, fertilisers and pesticides play instrumental roles in facilitating the transition from traditional to contemporary farming methods and technologies.

Farmers in the country have been grappling with inadequate access to formal credit sources and essential productive assets due to diverse constraints like lack of collateral, lack of exposure to financial services among smallholder farmers, high interest rates, complicated loan bure...