Kathmandu, July 7: Minister for Agriculture and Livestock Development, Ramnath Adhikari urged the Nepal Rastra Bank to place necessary arrangement in a way to simplify agriculture loan.
In a discussion with the central bank governor, Dr Biswonath Paudel on Sunday, Minister Adhikari underscored the need of easy procedure for farmers to access agriculture loan as the role of banks and financial institutions is crucial for poverty alleviation through agro enterprises.
“I urge the central bank for effective monitoring whether or not the agriculture loan is being properly utilized”, Minister Adhikari shared, stressing the need to end misuse of loan for other purpose than agriculture.
The government-owned banks should also increase agriculture loan and comply with the central bank’s arrangements regarding agriculture loan, the minister noted.
Governor Dr Paudel expressed concern over the improper use of current investments in agriculture, stating that it is essential to work to yield results.
He emphasized the need for investments to be effective, as farmers are unable to gain returns from the investments made in agriculture without innovation.
Dr Paudel further shared he has also listened grievances during his field visits that those playing with soil are denied of grants but those putting things in papers are receiving them.
