Kathmandu, May 29: The government has accorded top priority to the recovery of the agricultural sector. Presenting the budget speech before the Federal Parliament today, Finance Minister Dr Swarnim Wagle announced that Rs 32.36 billion has been allocated for the procurement of chemical fertilizer.
Likewise, farmers will also receive electricity subsidies for the production of green urea. Another, Rs 2.4 million has been allocated to the control of foot-and-mouth disease in livestock. According to the Finance Minister, Rs 46.92 billion has been allocated for the agriculture and livestock development sector.
According to the new budget, farmers will receive grants up to 40 percent, along with a 10 percent annual grant. Special monitoring mechanism will be introduced to ensure the proper utilization of agricultural grants.
The agricultural sector will be further strengthened through the Agricultural Research and Development Centre. Similarly, the Agricultural Statistics System will be brought under the National Statistics Office.
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