Trade and markets
 

Detail

Area
Nepal
Commodity Group
Rice
Commodity
All
Date
14/07/2015
Policy Category
Production
Policy Instrument
Budgetary allocations, production support
Description
Allotted NPR 26.68 billion (USD 248 million) to the agricultural sector, as part of its 2015/16 budgetary allocations. Further support to the sector would come in the form of investments in rural infrastructure, steps to enhance access to credit, agricultural extension services and research, with NPR 6.1 billion (USD 57 million) for the provision of fertilizers and seeds. NPR 20.22 billion (USD 188 million) were set aside for irrigation programmes, including a plan to expand irrigation over all agricultural lands in the Terai over a 5-year period. A 3-year programme to boost paddy production over 670 000 hectares across 12 districts in the Terai would also be launched, with the aim of raising productivity and reducing reliance on imports.
Notes
Exchange rate as of 15 September 2015.