NRB stresses financial access for economic development of Province 1

KATHMANDU: A report prepared by Nepal Rastra Bank (NRB) has pointed out the need for financial access for the economic development of Province 1. The study report of NRB further showed financial inclusion should be materialised by expanding financial access and awareness. The availability of financial tools is also imperative. Among 14 districts in Province 1, only Jhapa, Morang and Sunsari districts had adequate physical infrastructures, road transport and other facilities. The facilities concentrated in three districts must be expanded, the report stated, adding balanced development of the Province is necessary. Bringing in adequate investment is essential irrespective of diverse geography. Moreover, it pointed out the lack of well-managed information and statistics on agriculture, industry, service and infrastructures at the data-providing bodies and organisations. Another challenge is the formulation of implementable policy based on credible data and statistics. There are limited capacities and sources of internal investment. READ ALSO:

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