Monday, October 6, 2025
  • GMC
  • Webmail
  • Contact Us
  • About BBS
  • Privacy & Policy
ENG
DZO
BBSCL Logo
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • Announcement
  • More
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule
Radio Live
No Result
View All Result
BBSCL logo
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • Announcement
  • More
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule
No Result
View All Result
BBSCL logo

Government will not shutdown REDCL, says finance minister

January 12, 2019
in Uncategorized
Reading Time: 1 min read
0
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

The government will not do away with the Rural Enterprise Development Corporation Limited (REDCL), the Finance Minister Namgay Tshering said this in the National Assembly yesterday. 

Lyonpo was responding to the Nanong_Shumar MP’s question on whether the government plans to close the corporation.

Some 96 project proposals are registered with the corporation as of now.

“The corporation employs around 63 people to manage it. Henceforth, we plan to keep it running,” Minister Namgay Tshering said.

The National Assembly’s Economic and Finance Committee also recommended that the budget allocated for REDCL under the Revolving Funds be diverted to the Water Supply and Rural Roads.

Finance Minister dismissed this recommendation saying doing so would mean shutting down the REDCL.

“Diverting the fund to other projects would mean closing the REDCL. Moreover, water is included in the NKRA, DKRA and even in the flagship programme,” the minister added.

Since its institution in 2016, the REDCL has loaned money to around 3,900 small business projects worth Nu 485 M.

Previous Post

Chamkharchhu project commencement to take time

Next Post

First batch of economic development officers appointed

Next Post
First batch of economic development officers appointed

First batch of economic development officers appointed

Health ministry introduces Pneumococcal Conjugative Vaccine

Health ministry introduces Pneumococcal Conjugative Vaccine

Fourth Pay Commission formed

Please login to join discussion

RECOMMENDED NEWS

EU grants 15 Million Euros to Agriculture Ministry

3 years ago
3
Bullying prevalent in Bhutanese schools, efforts needed to address bullying and its effects on mental health- Student Health Survey

Bullying prevalent in Bhutanese schools, efforts needed to address bullying and its effects on mental health- Student Health Survey

3 years ago
146

Villagers cry foul over SMCL’s open bidding for Tshophangma coal mining

5 years ago
12
Navigating the future: Bhutan’s balancing act with AI and tradition

Navigating the future: Bhutan’s balancing act with AI and tradition

2 years ago
53

BROWSE BY CATEGORIES

  • Accidents (15)
  • Agriculture (511)
  • Announcement (193)
  • Audience Survey Report (1)
  • Business (786)
  • Crime/Legal (386)
  • Culture (60)
  • Development (59)
  • Disaster (61)
  • Economy (311)
  • Education (452)
  • Entertainment (21)
  • Environment (83)
  • Feature (66)
  • Featured (11)
  • Festival (88)
  • GMC (27)
  • Headlines (5)
  • Health (675)
  • HYDROPOWER (3)
  • Legal (64)
  • Literature (10)
  • Livestock (84)
  • Media (28)
  • Other Stories (6,032)
  • Politics (423)
  • RCSC (3)
  • Recent stories (7)
  • Religion (48)
  • Sci/Tech (727)
  • Social (653)
  • Sports (492)
  • Technology (204)
  • Tourism (31)
  • Uncategorized (13,881)
  • Video (142)
  • Video Story (258)
  • Wildlife (43)

BROWSE BY TOPICS

Tender Announcement Vacancy Announcement

POPULAR NEWS

  • BPC’s investigation rules out transformer short circuit as Damchhu forest fire cause

    Viral video of Bhutanese man assaulted by locals and police in Jaigaon sparks safety concerns

    0 shares
    Share 0 Tweet 0
  • Gelephu Mindfulness City opens recruitment drive for Bhutanese professionals

    0 shares
    Share 0 Tweet 0
  • Authorities link 23 TikTok accounts to online shopping-based gambling, freeze 26 other bank accounts

    0 shares
    Share 0 Tweet 0
  • Trongsa Viewpoint Resort up for auction once again

    0 shares
    Share 0 Tweet 0
  • A centenarian’s recipe to longevity

    0 shares
    Share 0 Tweet 0
BBSCL

Bhutan Broadcasting Service (BBS) is Bhutan’s primary national broadcaster, delivering diverse news and entertainment in multiple languages, fostering cultural understanding and public knowledge.

Follow us on social media:

Recent News

  • Bhutan launches National Mental Health Strategy to transform mental healthcare
  • Samtse’s Denchukha Gewog cut off after bailey bridge washed away by flash floods
  • New packaging initiative to promote authentic local produce in Monggar
  • Samtse and Phuentshogling experience heaviest downpour as low-pressure system hits Bhutan
  • Residents of Tashithang Gewog urge flood protection wall along Samrang River

News Category

  • Accidents
  • Agriculture
  • Announcement
  • Audience Survey Report
  • Business
  • Crime/Legal
  • Culture
  • Development
  • Disaster
  • Economy
  • Education
  • Entertainment
  • Environment
  • Feature
  • Featured
  • Festival
  • GMC
  • Headlines
  • Health
  • HYDROPOWER
  • Legal
  • Literature
  • Livestock
  • Media
  • Other Stories
  • Politics
  • RCSC
  • Recent stories
  • Religion
  • Sci/Tech
  • Social
  • Sports
  • Technology
  • Tourism
  • Uncategorized
  • Video
  • Video Story
  • Wildlife
  • GMC
  • Webmail
  • Contact Us
  • About BBS
  • Privacy & Policy

© 2024 BBSCL. All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • Announcement
  • More
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule

© 2024 BBSCL. All rights reserved.