July 9, Kathmandu. Finance Minister Janardan Sharma has said that the policy of giving incentives to farmers has been removed from the budget of the Fiscal Year 2079/80 BS.
In a meeting with a delegation including the World Bank’s Managing Director Marie Alka Panjestu, Minister Sharma said that such a policy was taken as it could increase production if small farmers were encouraged.
“Even the small loans taken by the poor farmers have not been able to reach them. There are also examples of small farmers taking loans and repaying them honestly, ‘he said,’ but the subsidy did not reach the real and small farmers. Then we have a policy of encouragement. ‘
He said that agriculture has been given first priority from the budget of the Fiscal Year 2079/80 BS.
He said that an agricultural ambulance has been started to take the produce of the farmers to the market easily. He said the trade deficit could not be reduced unless the annual import of more than three and a half trillion agricultural commodities was replaced.
“The aim is to increase the production of agricultural products for import substitution, increase the productivity of industrial goods and promote exports and also export the service sector,” he said.
He said that the government was trying to focus on building national capital by making maximum use of land, water, forest and overall natural resources.
He said that Nepal has come to cooperate with two IT related universities in Hyderabad, India due to the policy taken by the budget. At the event, World Bank Managing Director Panjestu urged to focus on food security.
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