KATHMANDU: In order to give these farmers much-needed assistance, the Nepalese government has released over two billion rupees to settle unpaid debts owed to milk and sugarcane producers in various regions. The process of ensuring that the payments are made prior to the Dashain celebration has been initiated by the Ministry of Agriculture and Livestock Development.
More than Rs. 1.45 billion of the total has been set aside, especially for sugarcane growers. In order to pay the debts, the money has been sent to the districts of Kanchanpur, Nawalparasi West, Bara, Rautahat, Sarlahi, Mahottari, Siraha, and Sunsari. This action is a big start in the right direction toward resolving sugarcane growers' long-standing complaints about unpaid bills.
Funds can now be transferred to the specified districts more easily as the Public Debt Management Office has approved the loan investment document and payment procedure. The government's intervention is intended to resolve the long-standing payment delays that farmers in these areas have been facing in time for the approaching festival.
Along with the subsidies for sugarcane growers, the government has decided to lend the Dairy Development Corporation (DDC) a sum of Rs. 600 million. The DDC intends to utilize this loan to pay off debt owed to farmers who produce milk, an additional group that has experienced considerable payment delays.
In a recent cabinet meeting, the decision was taken to offer this loan in order to guarantee that dairy farmers receive their payments prior to Dashain. The DDC is currently getting ready to send these farmers their money more quickly so they can cover their expenses during the holidays.
The Minister for Agriculture and Livestock Development, Ramnath Adhikari, has expressed satisfaction with the way these payment procedures are going. He underlined how crucial it is to make sure milk and sugarcane producers get paid on time, especially considering their ongoing financial struggles.
Farmers now receive much-needed financial relief, and the government's decision to disburse these monies ahead of Dashain further demonstrates its commitment to assisting the agriculture industry. The government intends to enhance these farmers' standard of living and maintain the nation's agricultural output by tackling the problem of postponed payments.
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