FNCSI proposes for 'MSME Development Decade'
Summary
The Federation of Nepal Cottage and Small Industries has urged the government to declare the next decade an MSME Development Decade and extend concessional loans, tax incentives and procurement support for domestic products. It also donated Rs. 555,555 to the Prime Minister Disaster Relief Fund for flood-affected families.
Key Points
- The Federation of Nepal Cottage and Small Industries has proposed that the government declare the next decade an 'MSME Development Decade' to prioritize micro, cottage and small enterprises.
- Its proposals include concessional and collateral-free loans, tax incentives, higher domestic procurement, support for the 'Made in Nepal' campaign and grants for modern technology adoption.
- The federation also suggested special entrepreneurship support for women and returnee migrant workers, along with a '100 Start-ups–100 Investors' programme and a 'Fast-Track Industrial Service'.
- FNCSI donated Rs. 555,555 to the Prime Minister Disaster Relief Fund and said it was collecting supplies for flood-affected families.
