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

Kathmandu, May 30: 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 will 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 announced to allocation of Rs 28.82 billion in grants for the import of chemical fertiliser.

Likewise, necessary preparations would be advanced by 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, the promotion of agricultural production would be done along the Mid-Hill Highway and Madan Bhandari Highway. Similarly, a budget has been allocated for the expansion of cash crops, animal husbandry, high-end fruits, forest products, agriculture forest systems and others, according to the finance minister.