The second Deuba cabinet was formed on 26 July 2001 after Nepali Congress leader Sher Bahadur Deuba was appointed as prime minister by King Gyanendra. The cabinet was expanded on 18 October 2001.

Deuba was dismissed and the cabinet was dissolved on 4 October 2002 by King Gyanendra. He was replaced by Lokendra Bahadur Chand as prime minister.

Cabinet PortfolioMinisterTook officeLeft officePrime Minister of NepalMinister for Palace AffairsMinister for Foreign AffairsMinister for DefenceSher Bahadur Deuba26 July 20014 October 2002Minister for Physical Planning and ConstructionChiranjibi Wagle26 July 20014 October 2002Minister for Home AffairsMinister for Local DevelopmentKhum Bahadur Khadka26 July 20014 October 2002Minister for Forests and Soil ConservationGopal Man Shrestha26 July 200111 March 2002Minister for FinanceRam Sharan Mahat26 July 200124 May 2002Minister for Water SupplyBijay Kumar Gachhadar26 July 20014 October 2002Minister for Culture, Tourism and Civil AviationBal Bahadur K.C.26 July 20014 October 2002Minister for HealthSharat Singh Bhandari26 July 20014 October 2002Minister for Labour and Transportation ManagementPalten Gurung26 July 20014 October 2002Minister for Industry, Commerce and SuppliesPurna Bahadur Khadka18 October 20014 October 2002Minister for Information and CommunicationsJay Prakash Gupta26 July 20014 October 2002Minister for Agriculture and CooperativesMahesh Acharya26 July 20014 October 2002Minister for Education and SportsAmod Prasad Upadhyay26 July 200124 May 2002Minister for Population and EnvironmentPrem Lal Singh26 July 20014 October 2002Minister for the Office of the Prime MinisterRishikesh Gautam18 October 20014 October 2002Minister for Women, Children and Social WelfareRajendra Kharel18 October 200124 May 2002Minister for General AdministrationKhemraj Bhatta18 October 20014 October 2002Minister for Law, Justice and Parliamentary AffairsNarendra Bikram Nembang18 October 20014 October 2002Ministers of StateMinister of State for Science and TechnologyBhakta Bahadur Balayar18 October 20014 October 2002Minister of State for Land Reform and ManagementRam Janam Chaudhary18 October 20014 October 2002Minister of State for Home AffairsDevendra Raj Kandel18 October 20014 October 2002Minister of State for Local DevelopmentDuryodhan Singh18 October 20014 October 2002Minister of State for Forests and Soil ConservationSurendra Hamal18 October 200111 March 2002Minister of State for Labour and Transportation ManagementShiv Raj Joshi18 October 20014 October 2002Minister of State for Water SupplyNarayan Sharma Paudyal18 October 20014 October 2002Minister of State for Foreign AffairsArjun Jung Bahadur Singh18 October 20014 October 2002Minister of State for Agriculture and CooperativesLaxman Prasad Mahato18 October 20014 October 2002Minister of State for Women, Children and Social WelfareSushila Swar18 October 20014 October 2002Minister of State for Information and CommunicationsHari Narayan Chaudhary18 October 20014 October 2002Minister of State for Education and SportsNarayan Prakash Saud18 October 20014 October 2002Minister of State for Physical Planning and ConstructionKeshav Thapa18 October 20014 October 2002Minister of State for Culture, Tourism and Civil AviationSarbadhan Rai18 October 20014 October 2002Minister of State for HealthMohan Bahadur Basnet18 October 20014 October 2002Minister of State for FinanceBharat Kumar Shah18 October 20014 October 2002Assistant MinistersAssistant Minister for Industry, Commerce and SuppliesPrakash Bahadur Gurung18 October 20014 October 2002Assistant Minister for Land Reform and ManagementDilli Raj Sharma18 October 20014 October 2002Assistant Minister for Law, Justice and Parliamentary AffairsNagendra Kumar Ray18 October 20014 October 2002Assistant Minister for Physical Planning and ConstructionSabitri Bogati18 October 20014 October 2002Assistant Minister for General AdministrationDil Bahadur Lama18 October 20014 October 2002Assistant Minister for Water SupplyBirendra Kumar Kanodia18 October 20014 October 2002Assistant Minister for Local DevelopmentAjaya Kumar Chaurasiya18 October 20014 October 2002

References