2. INTRODUCTION
• tool for putting fiscal policy into action
• role in overall economic plan of a nation
• 15th Jestha, 2079 BS
• based on the sectorial issues
3. Objective
• To explore the dimensions of agriculture in development of various
sectors included in the national Budget of FY 2022/23
4. 01 Transformation of the agricultural sector
02 Increase production and productivity
in collaboration with government, private and cooperative
sectors
03 create employment and alleviate poverty
04 Local economic development based on innovation
5. To reduce the import by at least 30 percent next year
of basic agricultural products like paddy, maize, wheat, vegetables and fruits
To double exports next year
To maintain trade balance within the next 5years
Targets
8. Agriculture Transformation
• MoALD: 55.97 billion
• Rural areas as centers of agricultural production
• Prodn : agricultural cooperative groups and cooperatives
• agricultural ambulances, support for local specialized product
• Each local level 1 BscAg, each ward 1 JTA, 300 ag volunteers from the
unemployed youths.
• 10 billion for Agricultural Production Program for Self-Reliance
• A micro finance fund to disburse loans worth NRs 500 billion
• Kisan welfare Fund: contribution-based pension scheme for farmers
9. • discounts in public services to farmers on the basis of farmer ID cards
• green hydrogen and green ammonia technology (chemical fertilizer
factory)
• Fixed MSP for rice, wheat, maize and milk.. 100 communities food
warehouses for storing cereals
• Residue testing of two more classes of pesticides in food will be
introduced.
• NRs. 81 crores allocated to provide subsidy to sugarcane farmers
• modified atmosphere cold stores in each province, the fruit and
flower market at Chobhar will be brought into operation.
10. Industrial
Development
Operate (processing,
Juice&wine) industries,
concession to private sectors,
Mountain district of Gand. &
kar. as centre of Apple
production and Processing.
Import/ Export
Industry for processing and
branding comparative
advantage product,
international level laboratories
Land
Management
Integrated prodn, chaklabandi,
collective farming, and
cooperative farming
Tax
full income tax exemption for 5 yrs if
agricultural implement factories
opened.
Exempt the customs duty on the
importation of the Ag ambulance or
vehicles by local level
Supply
Management
FMTCL branch expand ,clean
and competitive market ,
Sectorial
programs
11. Sectorial
programs
Cooperatives
Provide Subsidy
- 5% in the industries with a
paid up capital of at least
200 million rupees
- Locals own investment with
300 local farmers: 20%
subsidy to purchase
machines.
Forest
Management
grand Greenery Promotion
Program as National Campaign
Legal provision to cut trees
on private land
Youth and Sports
Entrepreneurship based
programs for myadi,
engage them in ag.
Education, Science
& Tech
A Research and Development
Coordinating Committee will
be formed
Employment
unemployed listed in the ESC
will be provided employment
in the agricultural and
manufacturing sector, every
year 2lakh unemployed be
employed
12. Sectorial
programs
Energy Sector
concessions on the electricity
consumed in irrigation works.
Irrigation
Rani Jamra Kularia irrigation
project: 2.9 billion
Sikta irrigation project: 1.88
billion
Financial Sector
subsidized loans to Ag
cooperatives.
each branch of the commercial
bank should provide credit to
at least 5 Ag.ral products and
processing companies
Local
development
100,000 new industries and
businesses added, 1,500 new
market centers , 2,500 haat
bazaars , 1,500 trade fairs.
NRs. 3 billion allocated.
Rural
Development
Budget in rural areas
increased towards ag, road,
electric, water, health, edu.
domestic and small industries
13. Interpretation
• Budget is not centralized
• Agriculture as the main stay for the economic development in Nepal.
• importance to financing in Agriculture
• focused on the products with comparative advantages
• specific plans.
(Contribution based pension, subsidy transparency, warehouses, specific export
promotion etc.)
• Need to formulate at least a medium term plan where the result can be
seen.
• Ambitious project: Green Ammonia for Chemical Fertilizer.
14. Conclusion
• Dimensions of agriculture in development of various sectors included
in the national Budget of FY 2022/23 explored.
• Policies are clear and specific
• programs organized in systematic manner making it easier to set the
target and implement by related fields.