Janakpurdham, February 4
The Province 2 government has aimed at achieving high economic growth rate and lowering the rate of poverty within the coming five years to bring qualitative change in the living standard of its citizens.
In this connection, the provincial government has formulated the first periodic plan (FY 2020/21-2024/2025) for higher human development with the vision of prosperous Madhes society.
The periodic plan has set the target of 11 per cent economic growth from the present economic growth of 6.53 per cent during the next five years.
The plan prepared by the Provincial Policy and Planning Commission has adopted the strategy of reducing the overall poverty rate from 27.7 per cent to 21 per cent.
According to the Economic Survey 2019, the GDP of Province 2 in FY 2019/20 was Rs 444.49 billion. Based on this GDP figure, the plan envisages increasing the GDP by 0.5 per cent every year.
The main targets set in the plan include: increasing the agricultural productivity and production, contribution to the inter-province demand and supply through food grain reserves, job creation for the human resources of the productive age group in the province, linking the local products in the industrialisation and increased investments in qualitative health and education.
