Nepal’s ADB Prioritizes Farmers’ Welfare for Economic Growth and Agricultural Development

Nepal's ADB Prioritizes Farmers
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23rd November 2024, Kathmandu

The Agricultural Development Bank (ADB) is recognized as a vital institution for Nepal’s economic growth, especially in the agricultural sector. Deputy Prime Minister and Urban Development Minister Prakashman Singh highlighted the bank’s distinctive role in addressing the needs of farmers at the grassroots level.

Nepal’s ADB Prioritizes Farmers’ Welfare

Addressing Farmers’ Needs and Strengthening ADB’s Role

Minister Singh stressed the importance of the Agricultural Development Bank (ADB) reaching every farmer’s doorstep with tailored services, highlighting the bank’s unique responsibility in serving rural areas, unlike private-sector banks that often overlook these regions.

Improving Internal Operations for Better Service Delivery

Minister Singh also emphasized addressing internal employee challenges. He urged the bank to resolve concerns and create a positive work environment, which is crucial for improving overall service delivery.

Employee Concerns and Delayed Solutions

Ram Bahadur Rawal, Chairman of the Nepal Financial Institution Employees’ Association, expressed frustration over the delayed fulfillment of employee demands. While recent agreements were made with the board of directors, delays in implementation have been caused by the Ministry of Finance. Rawal called for urgent action to resolve these issues.

The Link Between Employee Morale and Service Quality

ADB’s Chief Executive Officer, Govinda Gurung, pointed out the critical connection between employee morale and service quality. He stressed that resolving outstanding demands is vital to ensuring the bank’s long-term success.

Conclusion: Strengthening ADB’s Impact

By resolving operational challenges and addressing employee grievances, the Agricultural Development Bank can better serve farmers and contribute to Nepal’s economic development. The bank’s commitment to its mission is crucial for the sustainable growth of the agricultural sector.


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