Agricultural credit and insurance in Nepal: Coverage, issues, and opportunities

Abstract

A majority of Nepalese population lives in rural areas and agriculture is their primary occupation. Growth in gross domestic product (GDP) and development of Nepalese economy mainly depend on growth and development of agriculture sector as most of the Nepalese industries are agriculture-based and export sector is dominated by commodities. The sector has an important role to increase farmer’s purchasing power. The sector has pivotal role to promote off-farm and on-farm employment opportunities as well as maintaining price stability.