BBSCL

A case of misappropriation of funds involving the Zambala Farmers Group, a Milk Processing Unit in Pema Gatshel is now in Nganglam Dungkhag court. The group’s former employees are accused of misusing sale proceeds of nearly Nu 5 M. They had allegedly made unsubstantiated expenditures and provided a loan, which remained unpaid.  The farmer group filed the case after the...

Non-performing loans or NPLs with the financial institutions surged to a staggering more than Nu 8bn by October this year. This is a jump of over Nu 1.16bn in just a year. Of the sectors, trade & commerce tops the list while the forestry and logging sector saw a sharp decline. Any loans that are overdue by 91 days or...

In Samdrup Jongkhar, residents of Langchenphu Gewog are turning moringa leaves into a source of income. Farmers in the gewog sell the leaves to a youth-led enterprise that processes them into moringa tea. The Moringa tree, which is also called ‘the miracle tree’ or ‘the tree of life’, is considered one of the most nutrient-dense plants. The tree, known to...

In Pema Gatshel’s Shumar Gewog, the sound of bamboo being carved into bows and arrows echoes a story of tradition and income generation. Dorji Rinzin, a driver by profession, has turned his love for archery into a thriving craft. What began as a solution to avoid the expense of store-bought equipment has made him a sought-after artisan for bows and...