Japan approves utilisation of counterpart fund under Food Aid
Japan on a request of Nepal, has approved the utilisation of the Counterpart Fund under the Food Aid of Rs. 110 million (Rs.110, 000,000) for the implementation of the project for the transportation of food-grains to remote area by the utilisation of Counterpart Fund.
The project was approved in order to counter the existing food deficit problem in Nepal, particularly in the remote hilly and mountain districts, due to the low productivity of agriculture, says Embassy of Japan in a press statement issued on Thursday.
Under this project, Nepal Food Corporation (NFC) will deliver an additional 3,436 metric tons of rice to twenty three remote hilly and mountain districts in addition to NFC's annual program of delivering about15, 000 metric tons of rice.
The Counterpart Fund was established through the financial assistance extended by the government of Japan under the Food Aid. nepalnews.com