Karnali plans to post 9.9% economic growth

Surkhet / Dec 7: The Karnali Province Planning Commission has started a discussion on the final draft of the second five-year plan (2081/82 to 2085/2086).

The draft mentioned that good governance would be established by building a productive and employment-oriented economy and a prosperous Karnali through social justice.

The second five-year plan has set a target of securing an economic growth rate of 9.9 per cent in five years in the province.

The first five-year plan had projected an 8.8 per cent economic growth rate in the province. However, it was not achieved. It posted an economic growth rate of only 4.1 per cent during the period of the first five-year plan that is ending this year.

The Commission has also released the five-year investment framework in which Rs 5,202 billion investment has been projected in agriculture, industry and service sectors for building a prosperous Karnali.

Towards the agriculture sector, 17 per cent of the total investment was required where 62.2 per cent will be public investment, 33 per cent private investment and five per cent cooperative sector.

Towards the industry sector, the Commission has a plan for the investment of 36 per cent of the total investment where 48 per cent would come from public investment, 49 per cent from the private sector and three per cent from the cooperative sector.

For the service sector—there should be 46.6 per cent total investment where 49 per cent would come from public investment, 46 per cent from private investment and five per cent from cooperative investment, the Commission shared.

For establishing prosperous Karnali, the Commission has planned game changer projects.

This periodic plan will focus on six projects relating to production and employment based on green economy; land management and cooperatives; minerals; industries and commerce and tourism are included it.

It was shared by the Vice Chair of the Commission, Surya Nath Yogi. RSS