Diversification of agriculture would also provide stable additional avenues of employment generation in the rural sector and enable these sectors to emerge as the main source of growth and employment in rural areas. All these measures will promote competitiveness of the agricultural sector, which is so necessary in the current global context.
With the framework’s promising benefits, we must also be cognizant of its attendant challenges and risks. Data privacy concerns, money laundering, and electronic frauds are among the issues that can undermine the confidence in this policy initiative. We therefore expect that the key stakeholders particularly the financial institutions, to adopt adequate measures and controls to manage such risks.