Government Proposes NPR 51.14 Billion Budget for Agriculture Sector in FY 2083/84
Summary
The Nepal government has proposed a NPR 51.14 billion budget for the agriculture sector in fiscal year 2083/84, focusing on fertilizer subsidies, agricultural research, insurance, and modernization efforts.
Key Points
- The proposed agriculture budget for fiscal year 2083/84 is NPR 51.14 billion, a decrease from the previous year.
- 54.74% of the agriculture budget is allocated for chemical fertilizer subsidies, totaling NPR 28 billion.
- NPR 2.80 billion is proposed for the Nepal Agricultural Research Council to enhance research.
- New strategies include promoting green manure to reduce chemical fertilizer dependency and costs for farmers.
