Monday May 23, 2022
Monday May 23, 2022

RBB urged to increase investment in agriculture


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2022 Jan 24, 19:56, Kathmandu
This image shows the central office of Rastriya Banijya Bank Ltd at Singhadurbar Plaza, Kathmandu in February 2021. Photo courtesy: Bikash Karki

Finance Minister Janardan Sharma has urged the Rastriya Banijya Bank (RBB) to increase investment at least by two folds in the agriculture sector.

Addressing the 57th anniversary of the Bank on Monday, Finance Minister Sharma said that the RBB would definitely increase its 11 percent investment in agriculture sector, five percent in tourism and five percent in industrial sector in its new program to be formulated with its 57th anniversary. “It will be a significant contribution in national capital, production and employment”, he said.

Recalling that the government’s policy is focused on investment on production-oriented sector, the Finance Minister asked the banks to increase investment on it.

He assured that the government would help the initiatives taken by banks to bring in foreign loans, sharing that investment was must to become self-dependent. The RBB should play the role of model as it is the government financial institution.

Minister Sharma added, “Developing country’s economy with tripartite partnership of private, cooperative and public sector is our main strategy.”

Saying the recent period is the era of technology, he mentioned that Unstructured Supplementary Service Data (USSD) introduced by the RBB is admirable. He expressed the belief that customers could get benefits of mobile banking even in places where there is no internet service.

On the occasion, Finance Minister Sharma inaugurated the USSD service and unveiled the book ‘Upahar’. The RBB was established on 1965 and it has been providing its services from 258 branches across the nation.

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Rastriya Banijya Bank RBB agriculture sector economy Employment production investment
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