The commercial farming project has come into operation in 11 districts in eastern Nepal with 2.70 billion Nepali rupees (some 41.5 million U.S. dollars) grant assistance provided by the Asian Development Bank (ADB), local media reported on Tuesday.
According to a leading website, eKantipur.com report, the government and the multilateral donor had sealed an agreement for the project around six months back.
The government has chipped in 490 million rupees (7.5 million dollars) in the project.
According to the project head, Yogendra Kumar Karki, that the project aims to raise the living standard in the rural areas by generate employment and increasing the price of produces by enhancing production, market and processing capacities of crops such as vegetables, fruits, tea and spices.
Tea, cardamoms, jute, fruits, fresh vegetables and seeds will be accorded priority in the first phase, Karki said. The programs will be taken to the villages as per the demands of the farmers.
Apart from the assistance provided through the project, the ADB and the government will provide a grant assistance of 20 million rupees (some 307,992 dollars) as a supporting project under the Japan Fund for Poverty Reduction to improve the livelihood of the poor and marginalized groups in some districts.
Source: Xinhua
|
Comment
Tell A Friend
Print Format
Save Article