Few small businesses in Chitwan and Makawanpur using digital technology
Summary
A study reveals that only 17.8% of MSMEs in Chitwan and Makawanpur view digital technology positively, highlighting challenges like economic and political instability, credit finance issues, and labor market rigidities hindering their growth.
Key Points
- Only 17.8% of MSMEs in Chitwan and Makawanpur view technology use positively, indicating low adoption of digital technology.
- Economic, political, and social instability negatively impact MSME investment decisions and business confidence.
- 44.6% of MSMEs rated credit finance as bad to very bad, with interest rates and procedures as major issues.
- MSMEs rely primarily on personal savings, but shift to credit finance as businesses grow, while cooperative use remains limited.
