MoALD asks MoF to manage loans for farmers

moald-asks-mof-to-manage-loans-for-farmers

, JULY 11

The (MoALD) has requested the (MoF) to arrange a provision for farmers to receive loans on the basis of their products.

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.

As Rastra Bank (NRB) is in the process of preparing the Monetary for the next fiscal year, MoALD has requested for the aforementioned provision to be included.

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


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