Importance of Mineral Resource In Economic Development of Nepal

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Minerals in NepalEconomics Notes | Commerce
Importance of Mineral Resource In Economic Development of Nepal
For: Management Class 11

The materials which are obtained from the mine or extracted by digging the earth are known as mineral.

Role or Importance of Mineral Resource In Economic Development of Nepal.
Mineral resources play an important role in the economic development of the country. Nepal is rich in mineral resources, but poor in inability to extract them. If mineral resources can be developed and utilized, different benefits can be achieved. The role of mineral resource can be explained as follows:

1. Industrial development:
If the mineral resources can be extracted and utilized, mineral based industries can be established and expanded. Petrol, diesel, iron, coal, etc. are minerals for industries. This accelerates the industrial development.

2. Increase in employment:
The existence of mineral resource provides employment opportunity to the people. Mineral resources help to establish the new industries where skilled and unskilled people can get employment opportunity.

3. Agricultural development:
Some mineral resources are used to make modern agricultural tools machines and fertilizers, etc. They can be used for the modernization and commercialization of agriculture, which help to develop the agriculture.

4. Source of energy:
There are various sources of energy like petrol, diesel, natural gas, etc. in Nepal. If these minerals can be extracted, they can provide the necessary energy for industrial sectors and house hold use.

5. Development of self dependency:
If we develop mineral resource based industries, we can create more jobs with quality products. We will be independent when industrialization occurs with the uses of mineral resources.

6. Development of self dependency:
If we develop mineral resource based industries, we can create more jobs with quality products. We will be independent when industrialization occurs with the uses of mineral resources.

There are other roles of mineral resource such as source of foreign currency earning, development of transportation and communication, increase in export, supply of construction materials, etc.

What are the major mineral resource in Nepal?
Ans: Nepal has several mineral deposits. It is a popular belier that Nepal is rich in mineral resources. The main mineral resources identified are as follows:

MineralsPlaces
1. IronRamechhap, Chitwan etc.
2. CopperTaplejung, Phikkal etc.
3. MicaBhojpur, Dhankuta etc.
4. GoldSunkoshi, Set Nadi, Palpa etc.
5. Lead & zincGanesh Himal, Baglung etc.
6. CoalKanchanpur, Kailali etc.
7. NickelBhorle, Jamghat etc.

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