KATHMANDU, March 26 -- Govt yet to pay more than Rs 3 billion to insurers

At a time when the government has been announcing its plans to prioritize farm insurance through the budget for the next fiscal year, the insurers have stopped selling farm insurance policies citing the delay in getting the subsidy that the government has promised to provide them.

Speaking at a discussion regarding the preparation for the budget for the next fiscal year, Minister for Agriculture and Livestock Development Jwala Kumari Sah said the government aims to expand and promote farm insurance through the budget for 2024/25. "The government will be assigning more priority to farm insurance in the next year's budget," Sah said.

On the other hand, the insurers...