Govt. to import 600,000 metric tons of chemical fertilizer

Kathmandu . The government has allocated Rs 28.82 billion for the procurement of chemical fertilizer in the upcoming fiscal year 2082/83 BS and the volume of the chemical fertilizer would be increased to 600,000 metric tons.

Unveiling the annual budget for the FY 2082/83 in the joint meeting of the Federal Parliament on Thursday, Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel made the announcement to allocate Rs 28.82 billion in grant for the import of chemical fertilizer. Likewise, necessary preparations would be advanced from the Investment Board of Nepal for establishing the chemical fertilizer factory.

Minister Paudel stated that Rs 400 million has been allocated for the Organic Agriculture Promotion Programme to ensure higher agricultural productivity by maintaining the quality of soil. As announced by the finance minister, promotion of agricultural production would be done along the Mid-Hill Highway and Madan Bhandari Highway.

Similarly, budget has been allocated for expansion of cash crops, animal husbandry, high-end fruits, forest products, agriculture forest system and others, according to the finance minister.