Saturday, March 26, 2022

Agriculture to get top priority in next budget

Kathmandu, Mar. 25

Finance Secretary Madhu Kumar Marasini has said that agriculture would be top priority sector in the budget for the upcoming fiscal year 2022/23.

"The Finance Ministry has begun the preparations for the next budget. It is unfortunate that the country with 61 per cent people's involvement in agriculture imports agriculture produces worth billions of rupees while youth migrate to other countries in search of jobs," he said while speaking at the national dialogue on financial access in agriculture organised at the Agriculture Credit Fair which is ongoing in Bharatpur of Chitwan district.

The fair is a part of the fifth National Agricultural Mechanisation Exhibition 2022.

Marasini said that the government is ready to create favourable environment for agricultural development. According to him, government's duty is to create favourable environment while the private sector, banks and farmers need to work to develop the sector.

Government is committed to creating better policies, he said and indicated that farmers lack financial literacy. Many of them couldn't obtain the concessional loan facility due to the lack of financial literacy, said Marasini.

Former Minister Ganesh Shah said that it is necessary to connect water, energy and food procession. "Farmers should be taught about the marketing strategies not only production techniques. They need education and awareness about the financial facility as well," he said.

Chairman of Nabil Bank Upendra Poudel urged to find out the activities that have high potential to support farmers and farming. 

  Published in The Rising Nepal dialy on 26 March 2022. 

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