FNCSI Seeks Policy Support for MSME Sector, Donates Rs 5.55 Lakh for Flood Relief
Summary
FNCSI has urged the government to make the micro, cottage and small industries sector a national priority and proposed an MSME Development Decade, concessional loans, tax incentives and procurement preference for domestic products. The federation also donated Rs 5.55 lakh to the Prime Minister’s Disaster Relief Fund for flood-affected families.
Key Points
- FNCSI wants the government to declare the next 10 years as an “MSME Development Decade.”
- The federation proposed collateral-free concessional loans, tax incentives and at least 30% procurement preference for domestic MSME products.
- FNCSI also sought support for the “Made in Nepal” campaign, exports, modern technology and entrepreneurship packages for women and returnee migrant workers.
- It donated Rs 555,555 to the Prime Minister’s Disaster Relief Fund for flood-affected families and is collecting essential supplies for distribution.
