Project on Agriculture

The thriftiness of Bhutan, 1 of the worlds smallest and least developed countries, is based on agriculture and forestry, which provide the main livelihood for more than 60% of the population. kitchen-gardening is the primary source of livelihood for the majority of the people in Bhutan. approximately 80% of the populations in Bhutan be involved in the agriculture domain and over 95% of the earning women in the country work in the artless sector. agriculture in Bhutan is characterized by its labor intensive nature with comparatively low intensity of farm inputs.Major crops cultivated in Bhutan are gamboge and rice where 49% of total domestic cultivation is maize and 43% for rice. Agriculture in the country includes cultivation of wheat and other lowly cereal crops. Paddy is the primary crop in those regions where proper irrigation is available. aside from paddy, other crops like wheat, barley, oil seeds, potato and different vegetables are in any case cultivated in these l ands. Maize is mainly cultivated in wry land regions at lower elevation. Forests are also responsible for modulate the availability of water for agricultural purpose.Goals & Objectives of Agricultural sector To intensify and turn adopting an integ layd approach in nutrient and pest management and light upon at least 70 percent self-sufficiency on the nourishment grains. * Ministry of Agriculture Based on the above statement the ministry of agriculture holds the future(a) goals & objectives * bailiwick Food security * Conservation of natural resources * sustainable stinting production * Enhancement of rural income * Social and Regional balance region of the Agriculture sectorAgriculture in Bhutan has a dominant role in the prudence of the country and is the largest sector in the Bhutanese economy. Some of the roles of the agriculture are as follows 1) Source of employment Agriculture is one of the main sources of income for the Bhutanese since Bhutan is a developing country and depends mostly on the agricultural products. Agriculture sector provides has provided employment opportunity and will continue to provide for some(prenominal) more years. 2) Contribution to National Income National income is the total money pull in within the country.In Bhutan, agricultural sector provides the majority contribution to the capital make within the country. It comprises of one third Gross Domestic Product of our country. 3) external Trade In spite of its remote and land-locked location, Bhutan has been relatively successful as an agricultural exporter. The value of agricultural exports has grown at an annual rate of almost 9% since 2000. Taking advantage of the cooler climate, Bhutan exports oranges, potatoes, vegetables, and apples to India and Bangladesh which helps in promoting outside(a) trade.4) Contribution to Government revenue The tax collected through agricultural lands is one of the main sources of income for the government which in turn is used to n urse the welfare of the people. Challenges faced by the Agriculture Sector Agriculture sector in Bhutan is facing problems undermining their growth and development. Though the Royal government is displace in great effort to develop and promote the sector it distillery faces some challenges as follows * Natural calamities * Labor Shortage * Lack of trade facilities * Social factors Agricultural FinanceFinance is the life blood of the agriculture sector and helps in get upment of the agricultural production like in purchasing the fertilizers, pesticides, seeds, etc. In Bhutan there are financial institutions who provide agriculture loans in the form of short-term, medium-term and long-term funds. The financial institutions that provide credit to the farmers are * Bhutan ontogeny Bank Limited * Royal Insurance Corporation of Bhutan * Bank of Bhutan * Bhutan National Bank Industrial Sector in the Bhutanese Economy Bhutan is one of the least developed countries in the world.Before 1960s, manufacturing was a household work and a few items like agricultural tools, weapons, handicrafts, wood product were produced on a small scale. However, after 1961, the number of industries expanded steadily. Nevertheless, industrial development experient relatively in slow pace in Bhutan due to fallible entrepreneurial orientation, high transport, underdeveloped infrastructure, etc. The industrial growth would enhance the living standard of the people and increase the rate of economic growth of a nation. In Bhutan the basis of industrial growth are Sustainable Development and Gross National Happiness.