Federation President Urges Relief for Flood-Hit Businesses
Summary
FNCCI President Anjan Shrestha has called for relief, bailout measures, and a Business Revival Plan for enterprises hit by the Bhote Koshi flood. He also urged climate-resilient infrastructure, stronger early warning systems, and broader use of ESG criteria in bank lending.
Key Points
- FNCCI President Anjan Shrestha demanded relief and bailout arrangements for businesses affected by the Bhote Koshi flood.
- The federation says 85 percent of the affected businesses are small and medium-sized enterprises that have lost capital and still face loan burdens.
- Shrestha urged the government to rebuild damaged infrastructure with climate resilience in mind and to strengthen early warning systems in Himalayan and river corridors.
- He said green banking should include ESG and physical climate risk in credit assessment, with government support and foreign aid mobilization for climate-resilient investment.
