South Korea to Provide Nearly 2 Billion Rupees in Grant Aid for Terai Rice Production

South Korea has pledged substantial grant aid amounting to approximately 1.81 billion Nepalese Rupees to support rice production in the Terai region. This funding will be channeled through the Korea International Cooperation Agency (KOICA). The aid is designated for a six-year project scheduled to run from 2026 to 2031. The initiative aims to enhance rice cultivation techniques and increase yields in the Terai plains. This collaboration signifies a commitment to bolstering Nepal's agricultural sector. The project is expected to contribute significantly to food security and rural development. The grant will facilitate the implementation of modern farming practices and infrastructure improvements. This partnership underscores the strong relationship between South Korea and Nepal in agricultural development.

This significant grant aid from South Korea is crucial for boosting rice production in Nepal's Terai region, impacting food security and agricultural development.