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Karnali Province plans to post 9.9 percent economic growth


07 December 2024  

Time taken to read : 2 Minute


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SURKHET: The Karnali Province Planning Commission has started discussion on the final draft of second five-year plan (2081/82 to 2085/2086).

The draft mentioned that good governance would be established by building a productive and employment-oriented economy and a prosperous Karnali through social justice.

The second five-year plan has set a target of securing economic growth rate of 9.9 per cent in five years in the province.

The first five-year plan had projected 8.8 per cent economic growth rate in the province.

However, it was not achieved. It posted the economic growth rate at only 4.1 per cent during the period of the first five-year plan that is ending this year.

The Commission has also released the five-year investment framework as per which Rs 5,202 billion investment has been projected in agriculture, industry and service sectors for building prosperous Karnali.

Towards agriculture sector, 17 per cent of the total investment was required where 62.2 percent will be public investment, 33 per cent private investment and five per cent cooperative sector.

Towards industry sector, the Commission has a plan for the investment of 36 per cent of the total investment where 48 per cent would come from public investment, 49 per cent from private sector and three per cent from cooperative sector.

For the service sector—there should be 46.6 per cent total investment where 49 per cent would come from public investment, 46 per cent from private investment and five per cent from cooperative investment, the Commission shared.

For establishing prosperous Karnali, the Commission has planned game changer projects. This periodic plan will be focusing on six projects relating to production and employment based on green economy; land management and cooperative; minerals; industries and commerce and tourism are included it. It was shared by Vice Chair of the Commission, Surya Nath Yogi.

Publish Date : 07 December 2024 15:50 PM

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