Tiêu đề Nepalese Economis Unit 2.docx ✅

Unit 2: Sectoral Development • Status, Problems and Prospects: - Agriculture Sector; - Water Resources and Hydropower. - Infrastructure especially Roads; - Manufacturing Sector; - Foreign Trade and existing Nepal-India Trade Treaty; - Foreign Direct Investment (FDI); - Tourism Sector; and - Human Resources, Foreign Employment and Remittances. • Current Policies and Acts: - National Agriculture Policy; - Industrial Policy; - Foreign Employment and Remittance Policy; - Industrial Act; and - Foreign Investment and Technology Transfer Act.

 Key Crops: o Food Crops: Paddy, maize, wheat, and various vegetables are the primary food crops cultivated. o Cash Crops: Significant cash crops encompass fruits like mango, banana, lemon, and orange, as well as tea and coffee.  Irrigation: In the fiscal year 2021/22, 70% of land holdings utilized irrigation facilities, underscoring the importance of irrigation in agricultural productivity.  Agricultural Workforce: The 2021/22 census reported 39,190 permanent agricultural workers, indicating the scale of formal employment within the sector.  Financial Aspects: o Agricultural Loans: By 2021/22, 12% of agricultural holdings had accessed agricultural loans, facilitating investment in farming activities. o Government Subsidies: 7% of agricultural holdings received government subsidies for agricultural activities. Among these, 46% received subsidies for chemical fertilizers, 35% for seeds, seedlings, or grass, 15% for agricultural equipment, and 8% for agricultural infrastructure, among other areas.