Acts, regulations, policies, directives related to Agriculture in Nepal

Agriculture has been called the backbone of Nepalese economy as it contributes about one third of the total GDP and employs over two thirds of the workforce of the country. Following are the major acts, regulations, policies, directives related to Agriculture in Nepal.

Crops, Livestock, Poultry Insurance in Nepal

The Insurance Board introduced a directive that makes it mandatory for all non-life insurance companies to come up with insurance products on crops, livestock and poultry. The Crops, Livestock and Poultry Insurance Directive, which came into effect on January 14, is expected to provide relief to individuals and firms engaged in agriculture business, while paving way for banks and financial institutions to channel more funds into the agriculture sector, which has remained neglected for long. Following introduction of the directive, the Board, the insurance sector regulator, also introduced six insurance products on paddy, vegetables, potato, poultry (chicken and duck), fruits (orange and juanr, a citrus fruit) and livestock.