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Funding Agency: Ministry of Food, Agriculture & Livestock (MINFAL)- Govt. of Pkaistan through Agribusiness Support Fund (ASF) and co- financed by Asian Development Bank District Swat, Dir (Lower) & Malakand Agency.
Project Background Agribusiness Support Fund Project (ASFP) is a joint venture of LASOONA and Agribusiness Support Fund (ASF). ASF is a “Not for Profit Company” registered under Section 42 of the Companies Ordinance. It was established by the Federal Ministry of Food, Agriculture & Livestock (MINFAL) with the support of the Asian Development Bank (ADB) in the context of the Agribusiness Development and Diversification Project. The company is governed by a private-sector led, independent Board of Directors and is based in Lahore.
ASF provides grants to the farmers, farmers’ groups and horticultural related enterprises with demand-driven technical and managerial services on a matching grant basis to improve their productivity, competitiveness and creditworthiness to access financing for their enterprises. Access to effective Business Development Services (BDS) has proven, in many countries, to act as a catalyst to enhance enterprise productivity and profitability. In our country, technical, managerial, marketing, financial and legal advisory services are limited and, in the context of agribusiness, almost non-existent. Under this project, the task assigned to LASOONA is to form Farmer Enterprise Groups (FEGs) through ASFP, in horticultural crops at post-harvest level and facilitate them to avail ASF grants.
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