Japan has pledged a grant assistance of NRs180 million to the Government of Nepal for the Increase of Food Production (KR2), with special emphasis on underprivileged farmers, in Japan’s Fiscal Year 2006.

Japanese ambassador Tsutomu Hiraoka and finance secretary signing the notes. Photo courtesy: Embassy of Japan, Nepal.

Japanese ambassador Tsutomu Hiraoka and finance secretary signing the notes. Photo courtesy: Embassy of Japan, Nepal.
Japanese ambassador to Nepal Tsutomu Hiraoka and officiating secretary at the Ministry of Finance Rameshore Prasad Khanal signed and exchanged notes to this effect amidst a function on Monday.

A press release issued by the Japanese Embassy in Kathmandu said the grant has been extended for procuring necessary items to increase food production in Nepal with special emphasis on underprivileged farmers.

“The grant will be used for the procurement of fertilizers needed to boost agricultural production, thus enabling the country to meet its growing food demand,” the statement added.

The Government of Japan has been providing grant assistance for the Increase of Food Production to Nepal since 1977.

Speaking at the function held to sign the grant, Japanese ambassador Hiraoka said that Japan as a close friend and development partner of Nepal has been extending assistance to Nepal in her endeavor for socio-economic development.

He also expressed hope that the grant would contribute to increasing agricultural productivity benefiting the people of Nepal and create an environment conducive for peace in remote areas of the country.