Agriculture and Livestock Development Minister Ram Nath Adhikari has requested Nepal Rastra Bank to make agricultural loans more accessible and easier for small farmers to help reduce poverty. He emphasized effective monitoring and prevention of misuse of these loans during discussions with the central bank governor.
Agriculture and Livestock Development Minister Ram Nath Adhikari has urged Nepal Rastra Bank to arrange for agricultural loans to be simple and easily accessible.
In a meeting with the central bank Governor Dr. Bishnu Nath Paudel, Minister Adhikari emphasized the need for small farmers to obtain loans conveniently through agriculture as a means of poverty alleviation.
He requested the central bank to closely monitor the proper use of agricultural loans, keeping in mind the possibility that loans may not be used as intended. He also stressed the need to prevent situations where some people do not receive loans while others misuse loans for unintended purposes. Furthermore, he highlighted that government-owned banks should increase the provision of agricultural loans and comply with the policy directives issued by Nepal Rastra Bank.
Governor Dr. Paudel expressed concern over the lack of expected returns from agricultural investments. He pointed out that without farmers becoming professional and business-oriented, investments would not yield the desired results. Referring to complaints he recently received from various districts, he stated, “Farmers who work on the soil do not get loans, but those who manipulate paperwork do,” calling for realistic reforms in the system.
This article was originally published on https://bajarkochirfar.com Translated with the help of AI and reviewed by our editorial team.
