A Rs 140 billion project has been prepared to run the second phase of the National Agricultural Modernization Program in the fiscal year that begins in July 2027, Nepal News reported. It covers commercial farming and livestock production, infrastructure, training, higher output and subsidy distribution. The first phase, run for about a decade from fiscal year 2073/74 BS, created 2.383 million jobs and set up 21 superzones, 300 zones, 1,500 blocks and 1,500 pockets; Rs 39.58 billion of its Rs 56.35 billion allocation had been spent when it ended in 2082/83 BS.
Separately, the Ministry of Agriculture and Livestock Development says it will provide about Rs 2.19 billion this fiscal year to subsidise crop and livestock insurance premiums, with the government paying 80 percent and farmers 20 percent, Nagarik reported. Halo Khabar has reported doubts over whether farm subsidies reach genuine farmers, citing weaknesses in beneficiary selection and monitoring.
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A Rs 140 billion project has been prepared for the second phase of the National Agricultural Modernization Program, due to run from the next fiscal year.
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