Poverty Alleviation In Nepal

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On the preceding pages, a review of the finance in general and practices of formal , informal and semi formal financial system of Nepal in particular is undertaken, and role of RBB and current situation of MFIs. Nepal also deployed different strategies for poverty alleviation in different periods. Different policies were formulated and reviewed to provide the guidance to planners in achieving poverty alleviation target in low-income groups. Alleviation of poverty is the theme of socio-economic development, developed especially after the decade of seventies. Some literatures regarding women’s empowerment or disempowerment have also been reviewed in this section, where the information and the perspectives contributed by many researchers,…show more content…
In the first stage, small-scale projects were undertaken by private people e.g., Rabindra Nath Tagor’s Rural Development Programme at Sri Nikitan, Bengal that gave much emphasis on self-help and mutual help. In the second stage, larger government-financed projects as National Community Development Programmes were undertaken during the early 1950s. Concept of rural development was also re-defined by Mosher giving emphasis on technologies, organizations and values of a society such as, heath, effective means to adjust conflicts and injustices in the society, and effective use of all potential farmland (Mosher, 1976). Thus, Mosher’s strategy of rural development supports positively for poverty alleviation of a country giving equal opportunities for rural people regarding health and…show more content…
MF a new approach for poverty alleviation was developed integrating it in country’s overall financial system. In 1975 ,Small Farmer Development Programme [SEDP], was the first Poverty-focused MF programme focused directly attacking the problems of poverty among marginal or small farmers. Low socioeconomic status, lack of accessibility of credit, and other support services are the major problems of these people. The SFDP was continued in South Asian countries as a government-initiated MF programme mainly for the improvement of socio-economic status of the resource poor small farmers through credit and non-credit (support services) activities. Nepal was also influenced with global activities that brought revolution in social development along with other activities. But the SFDP programme also could not reach to the poorest groups because by definition, this model was not developed for the resource less/landless or for the poorest of the poor section of the

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