In another attestation to Nepal\u2019s rapid development at the provincial-level, Nepal\u2019s Province 3 and Province 5 have made some remarkable progress for Nepal\u2019s economy.<\/p>\n
According to Nepal Rastra Bank\u2019s (NRB) recent study titled Economic Activity in Federal Structure<\/em>, Province 3 contributed to about 31.6 percent of Nepal\u2019s GDP<\/a> followed by Province 1 at 17.5 percent and Province 2 at 16.2 percent.<\/p>\n Province 3 also aced the chart in terms of per capita income. According to NRB\u2019s report, Province 3 residents per capita income stands at USD 1,534 followed by Province 4 at USD 1,021 and Province 2 at USD 799.<\/p>\n Interestingly, Province 5 topped the table in terms of \u2018access to banking\u2019 with only 3 out of the 109 local units not having access to banking services. Followed by 23 local bodies in Province 7 and 20 in Province 6.<\/p>\n Province 5 has also made significant contribution to the country\u2019s agriculture sector, industrial output and service sector with contributions of 16.9, 10.4 and 11.7 percent, respectively.<\/p>\n The study\u2019s findings were revealed at program in Nepal\u2019s Butwal on September 30, 2018.<\/p>\n Province 2\u2013 Avenue for Business & Trade<\/strong> \u201cThe government is ready to provide investment security to promote business and trade in the province,\u201d he said in a ceremony organized at the Dhanusha Chamber of Commerce & Industry on September 29, 2018.<\/p>\n Province 7 Named \u2018Sudurpashchim\u2019<\/strong> Conclusion:<\/strong> In another attestation to Nepal\u2019s rapid development at the provincial-level, Nepal\u2019s Province 3 and Province 5…<\/span><\/p>\n
\nCreating room for additional growth, Province 2 opened avenues for business & trade when Chief Minister Lal Babu Raut said that the government is committed to creating an \u2018investment-friendly\u2019 environment.<\/p>\n
\nIn another interesting update, Province 7 was named Sudurpashchim<\/em> at a meeting of the Provincial assembly on September 29, 2018. Simultaneously, Godawari<\/em> was chosen as its provincial capital.<\/p>\n
\nWith so many achievements at the grass-root level, Nepal<\/a> is bound to make progress at the international level. It is noteworthy that this progress is happening at a much faster rate and with mutual co-operation from the government, people and key stakeholders.<\/p>\n","protected":false},"excerpt":{"rendered":"