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Insurance companies in Nepal are regulated by Nepal Beema Pradhikaran (Nepal Insurance Authority), an arm of Nepal Government's Ministry of Finance. As of November 2023, a total of 35 insurance companies are offering Life, Non-Life (General), Micro and Re-insurance services. Life Insurance Companies As of November 2023, 14 life insurance companies are in operation in Nepal: S.N Life Insurance ...
Insurance business was started in Nepal by Nepal Bank's Maal Chalani Tatha Beema Company (translating to Transport and Insurance company) in 2004 B.S. Until 2026 B.S., the insurance business in Nepal was regulated by Nepal Government's Insurance Act, 1968 A.D. Feeling a need for effective regulation and control of insurance business, Nepal Government took steps to establish a dedicated ...
Out of 2.7 million hectares of agricultural land in Nepal, only 1.3 Mha have irrigation facilities. The majority of irrigation systems are small and medium-scale. [3] A recent study funded by the Climate and Development Knowledge Network (CDKN) revealed that about 0.8% of agricultural GDP is being lost annually due to climate change and extreme ...
Download as PDF; Printable version; ... Agricultural Development Bank Limited ... The bank has a 51% share of the Government of Nepal and 49% of the general public ...
Local areas each have a District Agriculture Development Office (DADO). [citation needed] The Ministry of Agriculture and Livestock Development is the central apex body of Government of Nepal to look after the agriculture and allied fields. [3] The current minister for Agriculture and Livestock Development is Ram Nath Adhikari.
Index-based insurance, also known as index-linked insurance, weather-index insurance or, simply, index insurance, is primarily used in agriculture. Because of the high cost of assessing losses, traditional insurance based on paying indemnities for actual losses incurred is usually not viable, particularly for smallholders in developing countries .
Initial financial support helped create small-scale technology development and extension programs in order to generate knowledge and build capacity in agriculture and forestry. The preliminary projects focused on tissue culture, bio-fertilizer, research and capacity building in Nepal, Sri Lanka, India, Philippines and Indonesia. ANSAB realized ...
Crop insurance is insurance purchased by agricultural producers and subsidized by a country's government to protect against either the loss of their crops due to natural disasters, such as hail, drought, and floods ("crop-yield insurance"), or the loss of revenue due to declines in the prices of agricultural commodities ("crop-revenue insurance").