KATHMANDU, JULY 11
In a letter to the MoF on July 7, MoALD made a request to introduce a provision whereby dairy farmers will be able to avail loans from banks by keeping their products or livestock as collateral.
According to MoALD, dairy farmers are facing problems due to COVID-19 and their products and livestock are the only assets they can put up for collateral to take loans.
Hence, MoALD has requested MoF to arrange for easy loan access for dairy farmers based on their products and livestock.
The letter has mentioned that the proposal has been made based on the decision taken during a meeting of MoALD.
Prior to this, Nepal Dairy Association (NDA) and Dairy Development Board (DDB) had also raised this issue and requested MoALD to urge MoF to introduce this provision not only to sustain their businesses but for the benefi