UK provides Rs 5 bn for rural development in Nepal
Kathmandu: The UK on Monday extended a grant assistance of Rs 5.1 billion for the implementation of a rural development programme in Nepal.
Secretary at Nepal's Ministry of Finance, Shanta Raj Subedi, and Dominic O'Neill, Head of DFID, Nepal, signed the agreement to this effect at a function at the Finance Ministry on Monday.
The main objective of the Rural Access Programme-Phase III is to help secure sustainable rural livelihood for the poor and disadvantaged people for improving income opportunities through employment generation, providing sustainable access to markets and improved access to economic opportunities in the rural programme areas, the UK Embassy in Kathmandu said.
The grant assistance is expected to improve living standards of the people of mid-western and far-western districts including Humla, Bajura, Mugu, Achham, Kalikot, Jumla and Dailekh after its completion by March 2017.
On the occasion, Secretary Subedi said the assistance will make important contribution to uplift the living standards of the people through infrastructure development of the districts.
Similarly, O'Neill pointed out that economic conditions of the people would be improved after the construction, maintenance and upgrading of 2,400 km of roads in the areas within four years.