MoAF and REDCL sign MoU on Providing Financial Support for Cottage and Small Industries under RNR Sector

The MoU was signed by the Hon'ble MoAF Secretary and the CEO of REDCL in the presence of the Hon'ble MoAF Minister
The MoU was signed by the Hon’ble MoAF Secretary and the CEO of REDCL in the presence of the Hon’ble MoAF Minister

22 June 2017, Thimphu: A Memorandum of Understanding was signed between the Ministry of Agriculture and Forests and the Rural Enterprise Development Corporation Limited (REDCL) today in Thimphu.

As per the MoU the Ministry is to oversee development of the RNR sector including Agriculture, Livestock, Forestry and the Marketing of RNR products in the country while the REDCL, a state owned enterprise, will be responsible for the promotion and development of cottage and small industries and non-formal rural activities in the country by providing financial support through the Revolving Fund created under the Economic Stimulus Plan of the Government.

MoAF and REDCL will work as partners to realise the common goal of fulfilling self-sufficiency of the economy.

– ICTD

 

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