KATHMANDU, Sept 29: Targeting the upcoming festivals, the Food Management and Trading Company (FMTC) is going to open fair price shops at five locations in the Kathmandu Valley from Thursday.
Every year during the festive season, the state-owned enterprise has been operating fair price shops. Although the goods that the company sells do not have large reduction in prices, such government intervention is expected to help maintain price stability during the festivals when the demand for essentials goes up very high.
According to Sharmila Subedi, spokesperson for the company, they are operating such shops at the company’s outlets in the Valley. The shops will be located at Thapathali, Ram Shah Path and Nakkhu of Kathmandu, Suryabinayak of Bhaktapur and Lagankhel of Lalitpur.
From these outlets, consumers can purchase daily essentials such as rice, pulses, sugar, salt and dairy products at reasonable prices. According to the company, it has allocated Rs 17.50 million to sell subsidized foods through the fair price shops that will last till the Chhath festival.
According to Subedi, the company is accepting online payments via e-Sewa and mobile banking for the settlement of the purchase bills by the customers.