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Govt allocates 33 billion for agriculture

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Govt allocates 33 billion for  agriculture
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May 30: The budget of Fiscal Year 2018/19 has prioritized commercialization of agricultural sector to double the agro production within the next five years.

The government has allocated a total of Rs 33.71 billion for the agriculture sector.

Out of the allocated budget, the government, for the development and commercialization of agricultural sector, has allocated Rs 4.77 billion for the Prime Minister Agriculture Modernization Program.

Finance Minister Yuba Raj Khatiwada said that the government has also allocated budget to provide grants to the farmers. The government has also allocated budget to establish cooperative agricultural farm in seven provinces.

The government has also announced to forgive debts of small farmers who have taken loans from co-operatives.

 

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