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Government introduces policy to boost MCSEs

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According to the policy, to link MCSEs in the value chain, a forward and backward linkage with medium and large-scale industries will be created. The policy highlighted that MCSEs currently face weak infrastructure, a lack of skilled manpower, incapacity to adopt modern technology and restrictions on accessing market and finance.
The article from The Kathmandu Post, published on December 28, 2024, discusses the Nepalese government's new policy aimed at boosting Micro, Cottage, and Small Enterprises (MCSEs). The policy includes several measures such as providing easier access to finance through low-interest loans, tax incentives, and subsidies for technology upgrades. It also focuses on simplifying the regulatory environment to reduce bureaucratic hurdles, enhancing market access for MCSEs through better infrastructure and digital platforms, and promoting entrepreneurship through training and skill development programs. The initiative is part of a broader strategy to stimulate economic growth, reduce unemployment, and foster innovation at the grassroots level. The government hopes that these steps will not only help existing MCSEs to thrive but also encourage the establishment of new ventures, thereby contributing significantly to the national economy.

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[ https://kathmandupost.com/money/2024/12/28/government-introduces-policy-to-boost-mcses ]