KATHMANDU, April 21: The Government of Japan will extend a grant assistance of Rs.324 million to Nepal to increase food production, a press statement of the Japanese Embassy said today. Japanese ambassador Zenji Kaminaga and Bhanu Prasad Acharya, Secretary at the Ministry of Finance, signed and exchanged notes today on behalf of their respective governments.
The assistance will be utilized for the development of agriculture, forestry, fisheries and in increasing food production.The Agricultural Perspective Plan ( APP ) has placed emphasis on fertilizers as one of the priority inputs necessary for raising agricultural production.
In light of this, the grant assistance to increase food production is significant.The Japanese government had provided assistance for a similar purpose last year. On the occasion, Japanese ambassador Kaminaga expressed sincere hope that the continued support extended to His Majesty’s Government of Nepal in its development efforts would help in the socio-economic development of Nepal and improve the well-being of the Nepalese people.