TCDC promotes digital payments for cotton farmers
The Cooperative Development Commission in Tanzania is encouraging cotton farmers in the Maswa District to adopt digital payment systems. The initiative aims to improve financial security, increase transparency, and facilitate easier access to loans and subsidies.
Why it matters
Digital financial inclusion for rural agricultural workers is a key driver for economic development and poverty reduction in developing economies.
MASWA: THE Cooperative Development Commission (TCDC) has urged cotton farmers in Maswa District, Simiyu Region, to open bank accounts and register mobile money numbers as the government rolls out digital payments for cotton sales.
The commission said the move is intended to safeguard farmers' earnings, eliminate opportunities for fraud and make it easier for growers to access agricultural loans and government subsidies.
Speaking to farmers in Maswa, TCDC Cooperative Officer, Mr Aron Mrema said payments made through banks and mobile money services would enable farmers to receive their proceeds safely and on time.
He said the digital payment system would also reduce the risks associated with handling cash while improving transparency and accountability in cotton marketing, particularly through Agricultural Marketing Cooperative Societies (AMCOS).
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