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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 ...
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 ...
The Government of Nepal established the early form of this ministry, the Department of Agriculture, in 1952, dissolving the Agricultural Council, which was the highest governing body until that time. In 1974, the department was developed into a ministry and the portfolio of Irrigation was included resulting in the Ministry of Agriculture and ...
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The Ministry of Land Management, Cooperatives and Poverty Alleviation (Nepali: भूमि व्यवस्था,सहकारी तथा गरिबी निवारण मन्त्रालय) is a governmental ministry of Nepal responsible for land administration and management activities which ensures efficient and effective administration and sustainable management of ...
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 .
In 2010, agriculture accounted for 36.1%, services comprised 48.5%, and industry 15.4% of Nepal's GDP. [4] While agriculture and industry are contracting, the contribution by the service sector is increasing.
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 ...