सिंहदरबार संवाददाता
Kathmandu. The economic growth of Koshi Province is estimated to be 3.51 percent in the fiscal year 2080/81. The revised estimate for such growth in the last fiscal year 2079/80 was 2.13 percent.
According to the annual report of Koshi Province made public by the National Bank on Sunday, Koshi Province’s share in Nepal’s national gross domestic product in the fiscal year 2080/81 was 15.84 percent. In the last fiscal year, such a share was 15.88 percent.
In the fiscal year 2080/81, the agricultural sector is estimated to contribute 32.80 percent, the industrial sector 16.32 percent, and the service sector 50.88 percent to the gross domestic product of Koshi Province.
Agricultural crop production increased by 1.13 percent
Compared to the previous fiscal year 2079/80, the area covered by overall agricultural crops in Koshi Province has decreased by 1.55 percent in the fiscal year 2080/81. During the review period, rice, The area covered by crops such as maize, millet, potato, soybean, orange, turmeric and others has decreased, resulting in a decrease in the overall area covered by agricultural crops.
Data shows that out of the total area covered by agricultural produce in Koshi Province, the area covered by food and cash crops is 87.92 percent, vegetable crops 5.11 percent, and other crops 6.97 percent.
The share of the area covered by rice, maize, wheat, and millet crops in the total area covered by agricultural produce is 71.64 percent. In the fiscal year 2080/81, the overall agricultural crop production in this province increased by 1.13 percent.
Compared to the previous fiscal year, vegetable production increased by 1.98 percent, tea production by 0.01 percent, coffee production by 1.23 percent, and honey production by 0.28 percent, while fruit production decreased by 0.94 percent and spice production by 8.03 percent.
The average capacity utilization of industries is 52.7 percent
In the fiscal year 2080/81, the production of Koshi Province The average capacity utilization of the industries included in the sample is 52.7 percent. The average capacity utilization of these industries in the financial year 2079/80 was 51.1 percent.
According to the product, the capacity utilization of the tire and tube manufacturing industry in the review year was the highest at 91.3 percent, while the capacity utilization of the plant-based ghee manufacturing industry was the lowest at 4.4 percent, according to the data.
Among the industries included in this study in the financial year 2080/81, the production of garments increased the most by 202.1 percent, while the production of household metal goods decreased the most by 45.7 percent.
In the 43 industries of Koshi Province included in this study, 18 thousand units were produced in the last financial year 2079/80. Out of 461 workers employed, a total of 16,958 workers were employed in those industries in the financial year under review, which is 8.1 percent less than the same period last year.
9 percent, 6.9 percent, 12.9 percent, 4 percent and 1.3 percent of workers have lost their jobs in industries located in Sunsari, Morang, Ilam, Jhapa and Udayapur districts, respectively.
In FY 2079/80, 83.2 percent of the total industrial employment in Koshi Province was done by domestic workers and 16.8 percent by foreign workers, while the participation of domestic and foreign workers in total industrial employment in the financial year under review was 91 percent and 9 percent, respectively. .
Total industrial credit increased by 8.11 percent to 139 billion rupees in mid-July 2081 compared to mid-July 2080. The loan had increased by 6.64 percent in the same period of the previous fiscal year.
Total deposit mobilization of banks and financial institutions increased by 13.38 percent
As of mid-July 2081, there were a total of 1,837 branches in this province, including 754 commercial banks, 195 development banks, 36 finance companies, and 852 microfinance financial institutions.
Compared to mid-July 2080, the total deposit mobilization of banks and financial institutions in Koshi Province in mid-July 2081 was 13.38 The total deposits mobilized by banks and financial institutions in Koshi Province increased by 3.81 percent to 477 billion and the credit flow increased by 3.81 percent to 578 billion.
As of mid-Ashar 2081, the share of current deposits in the total deposits mobilized by banks and financial institutions in Koshi Province was 6.53 percent, the share of savings deposits was 44.27 percent, the share of fixed deposits was 43.19 percent, and the share of other deposits was 6.01 percent.
In mid-Ashar 2080, the loan-to-deposit ratio of banks and financial institutions in Koshi Province was 132.30 percent, while in mid-Ashar 2081, such ratio was 121.14 percent. .
The total generation capacity of power projects is 653.55 MW
The total generation capacity of power projects operating in Koshi Province is 653.55 MW. In the financial year under review, the electricity generation capacity of 7 projects, including 6 hydropower and 1 solar, in Koshi Province is 168.5 MW.
Among the hydropower projects operating in Koshi Province, the hydropower projects operating in Solukhumbu district have the highest electricity generation capacity of 245.4 MW.
Among the districts of this province, there are 16 in Ilam, 8 in Sankhuwasabha, 7 in Solukhumbu, 5/5 in Panchthar and Taplejung, 3 each in Khotang and Bhojpur, 1/1 in Terhathum and Okhaldhunga, while there are 1/1 solar power project in Jhapa and Morang. .
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