The government has allocated Rs 41.4 billion for the agriculture sector in this year’s budget. Many had high expectations that the new budget would be a dramatic departure from the past and make bold decisions to allocate more budget in agriculture. However, the share of agriculture budget to the total budget stands at 2.8 percent. Furthermore, the Ministry of Agriculture and Livestock Development (MOALD) is receiving only Rs 37.40 billion to conduct agriculture-related programs. Compared to the ambitious programs that the government has put forth, the amount is far less to meet the necessary expenses. Of the budget, Rs 2.62 billion will go to provinces, Rs 5.44 billion will go to local governments and Rs 4 billion has been separated under the heading of the financial management of the loan that the World Bank and International Fund for Agriculture Development (IFAD) will be providing for the country’s farming sector. Rs 11 billion has been set aside for the subsidy in fertilizers.

KATHMANDU, April 6: A group of civil society leaders have urged the government to take necessary initiatives to save the farmlands, empower farmers and enhance agriculture in the country as this sector remains one of the neglected but hard-hit sectors as a result of weeks-long nationwide lockdown to contain the spread of coronavirus (COVID-19).

Surkhet farmer awarded

December 2, 2019 11:15 am

KATHMANDU, Dec 2: Dipendra Karki of Surkhet has bagged ‘Krishi Tara Award’. The award provided jointly by the Embassy of Israel and Avsar foundation – an NGO initiated by Khetan Family – aims at honoring deserving Nepali farmers or agri-entrepreneurs contributing in agriculture sector through use of innovations, technologies and skills learnt in Israel under ‘Learn and Earn Program’. The award carrying a purse of Rs 500,000 and a certificate was handed over to Karki amid a ceremony held on Thursday.

KATHMANDU, July 29: Almost all the commercial banks in the country are found ignoring Nepal Rastra Bank (NRB)'s request to compulsorily increase the investment in the agriculture sector to 10 percent.

KATHMANDU, March 2: Minister for Finance Yuba Raj Khatiwada has underlined the need to reduce the farmers’ cost of production to boost agricultural production in the country.