KATHMANDU, May 21: Vice President Ramsahay Prasad Yadav has said the government will make vigorous efforts to resolve the problems faced by entrepreneurs.

The Vice President said this during a meeting with a delegation of the Nepal National Entrepreneurs Federation, the umbrella organization of small and medium entrepreneurs and traders, on Sunday.

On the occasion, Yadav said since the problems of the entrepreneurs and businesspersons are national problems, the government will work to address them. 

"I have the conviction that the government's policies and programs recently presented by the President in parliament will address the entrepreneurs' problems. The forthcoming budget will resolve their problems," the Vice President said and reiterated that the government was committed to addressing the problems.

Federation President Kumar Karki said that the businesspersons and entrepreneurs are compelled to quit their businesses due to the exorbitant interest rates charged by the banks and financial institutions. He added that high house rent, customs tariff, high tax under several headings, shortage of raw materials and skilled workforce and the economic recession were also some of the major problems.

The Federation’s Senior Vice-president Manoj Babu Shrestha, Advisor Saroj Thapa, Vice-presidents Saroj Kumar Shrestha and Giriraj Pokharel, General Secretary Ratna Bahadur Ghimire, Treasurer Ganesh Kumar Neupane and Devraj Karki, among the members, were part of the delegation.

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