India provides monetary help to Nepal

Kathmandu, Mar 14 (UNI) India has provided Nepal grant assistance of Rs 2,41,00,374 for construction of Tulsi Lal Memorial Agriculture and Cooperative Training and Information Centre in Lalitpur, near here.

Pranay Verma, Counsellor (Economic Cooperation), laid the foundation stone for the new building of administrative and library block with boundary wall for the centre yesterday, according to a news release issued here today by the Indian embassy.

This is the third developmental project undertaken by the Indian Government as part of the India-Nepal Economic Cooperation Programme apart from gifting of four ambulances to district Lalitpur.

India has been providing financial assistance for rehabilitation of Rajkulo in the district and has also gifted a silk twisting machine to Nepal Srijanatmak Kala Guthi, Dhobighat for establishing a sericulture training institute, the release said.

The project will be implemented by Lalitpur Sub-Metropolitan City Office (LSMC), while an Oversight Committee consisting of LSMC, management of the Cooperative Training and Information Centre and District Cooperative Division will monitor the project.

''It is hoped that the new building to be constructed with the assistance of Government of India would provide access to improved technology, skill acquisition and market and would improve the livelihood of poor farmers by strengthening the cooperative institutions in Nepal,''it added.

The project, therefore, is of significant importance for the development of entrepreneurship capacity in the field of agriculture and its marketing through cooperative institutions, said the release.

More than 185 projects are being realised in the sectors of education, health, community development and infrastructure, covering almost all the districts of Nepal, with the Indian assistance of over NRs 2000 crore, it said.

UNI