Sudurpaschim Province: As agricultural land decreased, production increased

Magh 11, 2081

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Sudurpaschim Province: As agricultural land decreased, production increased

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It has been found that the agricultural land is gradually decreasing in the Far Western Province. According to the study conducted by Nepal Rastra Bank, the land area covered by major agricultural crops (food and other crops, vegetables and fruits and spices) in that province has decreased by 7.71 percent. Similarly, the production of such crops has increased by 2.85 percent.

According to the Provincial Economic Activity Study Report of the financial year 2080/81 published by the Central Bank, among the major food and other crops, the production of sorghum and barley increased by 65.71 percent and 25.03 percent, respectively, while the production of oilseeds decreased by 18.53 percent. has come

Under animal products, milk has increased by 4.58 percent, meat by 9.32 percent and eggs by 6.4 percent. 10.81 percent of the total loans from the banks and financial institutions of the province have gone to the agricultural sector. By the end of June last year, the credit disbursed to agriculture in the Far Western Province has decreased by 1.31 percent compared to the end of June 2080 and has reached Rs 16.52 billion 85 million. The average capacity utilization of the industries included in the

study sample is 48.96 percent. Among the industrial products, the production of rice and wheat has increased, while the production of mustard oil, soap, bricks, sugar and rosin has decreased.

By the end of the review year, 16.75 percent of the total loans from the banks and financial institutions of this province have gone to the industrial sector, while the loans in that sector have decreased by 4.79 percent compared to the end of June 2080 and reached 25.6 billion 1.8 million rupees.

Similarly, the number of tourist level hotels and lodges has decreased by 4.17 percent, while the number of hotel beds has decreased by 1.47 percent. Similarly, the number of real estate registrations has decreased by 8.23 ​​percent, while the registration revenue has increased by 31.04 percent. The total deposits collected by banks and financial institutions in Sudurpaschim Province till the end of June 2080 have increased by 16.09 percent compared to the end of June 2080, while the credit flow has increased by 0.75 percent.

In the year under review, the number of vehicles has increased by 4.12 percent. 72.44 percent of the total credit flowed from banks and financial institutions has flowed into the service sector. 

66.55 percent of the budget allocated to current expenses of the Far West Province government was spent in the review year, while 62.00 percent of the budget allocated to capital expenses is zero  Percentage has been spent. According to the

study,  By February 2080, a total of 171 megawatts of electricity has been produced from various hydropower projects in this province. In the financial year 2080/81, a total of 24 thousand 25 people from this province have taken work permit for foreign employment. By the end of February of the financial year 2080/81, the average number of working days of the people employed in jobs created by the Prime Minister's Employment Program in the Far West Province is 65.77.

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