Agriculture Sector Contributes 33.4 Percent In GDP Of Sudurpaschim Province
June 22, 2023 | Investopaper
As per the Central Bureau Of Statistics, Sudurpaschim Province is expected to contribute 7 percent in the national Gross Domestic Product (GDP) in the current fiscal year.
The gross domestic product in consumer prices of the province will remain at Rs. 3.76 Arba. Agriculture sector has contributed highest to the GDP of the Sudurpaschim Province with 33.4 percent share.
As of Poush end of 2079 BS, banks and financial institutions have floated Rs. 15.55 Arba as loans and advances to the agricultural sector of the Sudurpaschim province. This is 20.83 percent higher as compared to the end of Ashad, 2079 BS.
Similarly, the capacity utilization of industries in the province is at 36.24 percent.
According to a provincial study report of NRB, the capacity utilization of sugar, wheat flour, mustard oil, concrete producing industries is higher. On the other hand, rosin, processed milk, soap and rice producing industries have the lowest capacity utilization.
Until the Poush end of 2079 BS, banks and financial institutions have floated Rs. 27.30 Arba as loans and advances to the industrial sector of the Sudurpaschim province. This is 6.31 percent higher as compared to the end of Ashad, 2079 BS.
Of the total credit, Kailali District has the highest industrial credit flow of 72.12 percent while Bajhang has the lowest credit from BFIs that account to 0.33 percent.
