Contribution of small and cottage industries much to economy: Governor Adhikari

KATHMANDU, June 22: Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari has said there was significant contribution of small and cottage industries in the national economy. During a virtual interaction with the officials of the Federation of Nepali Cottage and Industries on Monday, Governor Adhikari viewed, "There are a lot of small and mid-scale industries which contribute much to the country's economy." NRB has kept this sector in priority in its policy, he shared, asserting that the monetary policy of the current fiscal year was intended to bring historic change. On the occasion, Federation Chairman Shyam Giri demanded the Governor to exempt the interest of the loan during the period of lockdown. He further said the refinancing work procedure should be re-written in case of small industries. The Federation could be one of the stakeholders to re-write the work procedure of refinancing. Former Chairpersons of the Federation, Suresh Pradhan and Lata Pyakurel and senior Vice Chairperson Umesh Prasad Singh, among others demanded the NRB to pay heed to the small and cottage industries.

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218 new cottage industries registered in Lamjung

LAMJUNG: A total of 218 new cottage industries were registered in Lamjung between July 17, 2023, and July 15, 2024, according to the Tourism and Small Industries Development Office, Lamjung. Office Chief Mita Kumari Thapa reported that 412 industries renewed their registrations during this period. Among the newly registered firms, 176 are commercial enterprises, while […]

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218 new industries registered in Lamjung

Two hundred and eighteen new cottage industries have been registered in Lamjung from July 17, 2023 to July 15, 2024, said the Tourism and Small Industries Development Office, Lamjung.

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649 cottage industries registered in Kaski last FY

KASKI: The Tourism and Industry Office Kaski recorded 649 new business firms in the last fiscal year. In the fiscal year 2080/81 BS, 13 cottages and 636 small industries were registered in Kaski. Maharaj Dhakal, Chief Industry Officer of the Cottage and Small Industries Office in Kaski, said that Rs 1.91 billion in capital has […]

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More cottage industries registered in Kaski

The Tourism and Industry Office Kaski recorded 649 new business firms in the last fiscal year. In the fiscal year 2080/81 BS, 13 cottages and 636 small industries were registered in Kaski.

The Rising Nepal 1 महिना पहिले

Govt priorities investment in small and cottage industry: PM Prachanda

Prime Minister Pushpa Kamal Dahal 'Prachanda' has said the government would take special initiative to augment investment in small and cottage industries.

The Rising Nepal पौष २०७९

Govt prioritizes investment in small and cottage industry

'Prachanda' has said the government would take special initiative to augment investment in small and cottage industries.

Nepalnews पौष २०७९

Growing demand for foreign currency creating stress on national economy: PM Deuba

Nepalnews माघ २०७८

Govt. initiates to set up industry and investment promotion fund

The fund will be spent for the development of micro-industry, cottage industries, development of technology, industrial promotion, rehabilitation, re-institutionalization, and management of sick industries, development of women entrepreneurship.

The Rising Nepal मंसिर २०७८

Govt preparing to provide relief to corona-hit industries, enterprises

KATHMANDU, July 5: Government is preparing to provide relief packages to the industries and enterprises which have been impacted by the COVID-19 pandemic. Finance Minister Bishnu Poudel said that relief packages introduced in the annual budget of fiscal year 2021/22 will be distributed starting from mid-July (Nepali month of Shrawan) in a bid to revive and rescue them. “We will complete all the formalities by Ashar-end (mid-July) and carry out all the activities targeting revival of the corona-impacted economy,” Poudel added. According to the National Federation of Entrepreneurs, 40 percent of the small scale and medium scale industries have been shut down due to COVID-19. A Ministry of Industry, Commerce and Supply report, unveiled last year, relieved that small and middle scale enterprises were the worst affected ones. According to the report, 85 percent of the industries which were completely shut down were small and cottage industries. Similarly, 88 percent of the small and cottage industries failed to perfectly carry out marketing of their goods and 75 percent of them faced raw materials crunch. Click here to read the news in detail.

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Sudur Paschim govt to promote cottage industry and herbal processing in 2020/21

KATHMANDU, June 16: The Sudur Paschim government has enlisted installing small and cottage industries and promoting agricultural products and herbs on top priority in the province’s budget for 2020/21 announced on Monday.

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