Ministry Proposes Budget Exceeding Ceiling for Economic Year 2083/84
Summary
The Ministry of Industry, Commerce and Supplies proposes a NPR 10.13 billion budget for fiscal year 2083/84, exceeding the set ceiling to promote industrial growth, investment facilitation, startup support, and export incentives.
Key Points
- The Ministry proposed a budget of NPR 10.13 billion for fiscal year 2083/84, exceeding the NPR 8.31 billion ceiling.
- An Investment Express Policy aims to streamline business processes and introduce investment visas to attract foreign investors.
- The ministry plans to launch the Startup Nepal Portal and allocate NPR 1.15 billion for startup loans, focusing on youth and women entrepreneurs.
- Nepal's upcoming LDC graduation will be supported by production-based incentives with NPR 1.17 billion allocated to industries.
